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Sidiki
Mr. Sidiki O., age 32, lives with his three children, his wife, and his brothers and sisters, in the home of his deceased father in Mancourani I, one of the neighborhoods in Sikasso (third administrative region of the Republic of Mali).

After his father passed away, Sidiki, the elder son, had to take care of the family, as required by tradition. For this reason, he had to abandon his studies and start making money to provide for his family. He was trained as a tailor by several master tailors in the city of Sikasso. After 17 years of experience, he became a master tailor known all over Sikasso. His workshop, located in the grand market, is a melting pot of styles and designs, and is very much visited by a diverse clientele.

To satisfy an increasing number of ever more demanding requests from his customers, he decided to join the loan program of the microfinance organisation Soro Yiriwaso, in order to buy a new embroidery machine, seven pieces of tinted "bazin" (a sort of damask) in Bamako (the capital of the Republic of Mali), and 200 meters of men's fabric in Bobo Dioulasso (in Burkina Faso, Western Africa). He intends to sew them to make shirts and trousers, that he will then sell. Due to an interesting profit margin, Mr. O. expects to make a profit of 150.000 XOF, to be used mainly to meet his family expenses.
View original language description ↓
Monsieur Sidiki O. a 32 ans et vit avec ses 3 enfants, son épouse, ses frères et soeurs chez son feu père à Mancourani I, un des quartiers de Sikasso (troisième région administrative de la république du Mali).
Après le décès de son père, Sidiki l’aîné de la famille comme l’exige la tradition devait s’occuper de la famille. Ainsi il fut obliger d’abandonner les études et entamer une activité génératrice de revenus afin de subvenir aux besoins de la famille. Il entama l’apprentissage du métier de tailleur auprès de plusieurs maîtres tailleurs de la ville de Sikasso. Après 17 ans d’expériences, il devient un maître tailleur connu de tout Sikasso. Son atélier situé au grand marché de cette ville est un creusset de styles et de modèles qui est très visité par une clientèle variée.
C’est pour faire face aux demandes de plus en plus croissantes et exigeantes de cette clientèle, qu’il décida d’intégrer le programme de crédit de l’institution de microfinance Soro Yiriwaso afin d’acquérir une nouvelle machine à broder, acheter 7 pièces de bazin teintés à Bamako (capitale de la république du Mali) et 200 mètres de tissus pour hommes à Bobo Dioulasso (au Burkina Faso en Afrique de l’Ouest) pour les coudre (en chemises et pantalons) avant de les revendre. En raison de la marge bénéficiaire très intéressante monsieur O. compte réaliser 150.000 FCFA de surplus qui sera utilisé pour subvenir essentiellement aux besoins de sa famille élargie.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 452.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Sidiki to buy a new embroidery machine and fabrics.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 23, 2008
Listed
Sep 9, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009