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N'golo
N'golo is 59 years old and lives with his wives and ten children in the sub-prefecture of Kourouba in the Koulikoro region.

He didn't have the opportunity to go to school and, instead, looked for ways to make money. He was particularly interested in the buying, storing and selling of cereals.

In order to satisfy the needs of his growing numbers of customers, he began to work with the field partner, Soro Yiriwaso. He has fully repaid his third loan and this will be his fourth individual loan.

N'golo will use his loan to buy seven tonnes of cereals from farmer producers in, and around, Faraba Dracoro. He will then store the cereals for at least one month before selling them on to resale merchants from the big cities such as Bamako and Ouelessebougou. N'golo expects to earn a monthly average of 120,000 francs CFA which he will use to repay his loan and reinvest in his business.
View original language description ↓
N’GOLO est âgé de 59 ans et vit avec ses dix enfants et ses époux dans la sous préfecture de KOUROUBA, Région de KOULIKORO.
N’GOLO n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat stockage vente de céréales.
Dans le souci de satisfaire sa clientèle en nette croissance, elle décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le troisième prêt il est à son quatrième prêt individuel qui servira à acheter, 7 tonnes de céréales auprès des paysans producteurs de FARABA DRACORO et environnants qu’elle gardera pendant au moins 1 mois. Il vend essentiellement en gros à une clientèle constituée de revendeurs venant des grandes villes telles Bamako, OUELESSEBOUGOU
N’GOLO espère réaliser un bénéfice moyen mensuel de 120.000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

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About Mali

  • $1,100
    Average annual income
  • 39
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 487.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD