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Zoumana
Mr. Zoumana Kanté is 48 years old, married and the father of 7 children. He lives in a polygamous family with two spouses, his children and his relatives in the Bamannankin district of Ouelessebougou (one of the subprefectures of the Koulikoro region). He has worked as a butcher for 12 years. This is a family profession and he learned it from his father who was also a butcher. He runs this business at the Ouelessebougou market located along the road connecting Mali and the Republic of the Ivory Coast.
Concerned about expanding his business and faced with an ever-growing demand, Mr. Kanté decided to go to the Soro Yiriwaso microfinance institution. This is his first individual loan. It will be used to buy two steers at a cost of 125,000F CFA each. The steers are slaughtered and sold as retail to a clientele made up primarily of women and restaurant owners. The slaughtering takes place every two days. Mr. Zoumana Kanté runs a very profitable business and hopes to earn an average monthly profit of 135,000F CFA. A large part of this revenue is used to deal with the expenses of his large family (father, mother, sisters, brothers, wives and children).
Eventually he plans to build a modern butchery allowing him to respect health standards.
Monsieur Kanté Zoumana âgé de 48 ans, marié et père de 7 enfants. Il vit dans une famille polygame avec ses deux épouses, ses enfants et ses parents dans le quartier Bamannankin de Ouelessebougou (une des sous préfectures de la région de Koulikoro). Il exerce la boucherie depuis 12 ans. Cette activité est une activité familiale et était exercé par son père auprès duquel il la apprit. Il exerce cette activité au marché de Ouelessebougou situé au bord de la route reliant le Mali à La république de Cote d’ivoire.
Dans son souci d’élargir son activité et de faire face à une demande de plus en plus croissante, monsieur Kanté décida de s’adresser à l’institution de microfinance Soro Yiriwaso. Il est à son premier prêt individuel. Ce prêt sera utilisé pour acheter deux bœufs en raison de 125.000 FCFA l’unité. Les bœufs sont abattus et vendu au détail à une clientèle composée essentiellement de femmes et de restaurateurs. L’abattage est effectué chaque deux jours. Monsieur Zoumana Kanté mène une activité très rentable et compte réaliser un bénéfice moyen mensuel de 135.000 FCFA. Une grande partie de ce bénéfice est utilisée pour faire face aux dépenses de la famille élargie (père, mère, sœurs, frères, femmes et enfants).
A la longue il compte construire une boucherie moderne lui permettant de respecter les normes sanitaires.

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.

About Mali

  • $1,200
    Average annual income
  • 47
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 452.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Zoumana purchase of steers for butchering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 21, 2008
Listed
Sep 7, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009