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Vincent Paul
Born in December 1964 in OUELESSEBOUGOU, VINCENT PAUL lives with his three children and wife in a nuclear family, in Commune Rurale de Ouelessebougou. Not having had the chance to advance in school, he soon became interested in revenue-generating businesses. After having correctly paid back three loans, he is now on his fourth one, which will be for building up an inventory of beverages and grocery items for his restaurant. He gets his supplies in Bamako and intends to use this loan to purchase 250 kg of condiments, a tonne of grain, some tubers, and a significant quantity of beverages.

He hopes to make an average monthly profit of 150,000 francs CFA that will be used to pay back the loan, and the rest will be reinvested in his business. He is still counting on financial support from Soro Yiriwaso to open a new restaurant somewhere else, where there is a need.
View original language description ↓
Né en DECEMBRE 1964 à OUELESSEBOUGOU, VINCENT PAUL vit avec ses 3 enfants et son époux dans une famille nucléaire dans la commune rurale de Ouelessebougou.
N’ayant pas eu la chance d’avancer dans les études, très vite VINCENT PAUL s’est très vite intéressé aux activités génératrices de revenus.
Après avoir correctement remboursé le troisième prêt, il est à son quatrième qui sera destiné à la constitution de stocks de boissons et denrées alimentaire pour la restauration. Il s’approvisionne à Bamako et compte acheter avec ce prêt, 250 kilogrammes de condiments, 1 tonne de céréales, des tubercules et une quantité importante de boissons.
Il espère réaliser un bénéfice moyen mensuel de 150.000 FCFA qui sera utilisé pour rembourser le prêt et investir le reste dans ses affaires.
Il compte toujours sur l’appui financier de Soro Yiriwaso pour l’ouverture de nouveau restaurant en d’autre localité où le besoin se pose.

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

  • $1,200
    Average annual income
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 480.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Vincent Paul to purchase various supplies for his restaurant.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2013
Listed
Jan 1, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014