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Daouda
Daouda was born circa 1970 in Kadiana (a sub-prefecture in Mali's third administrative region) where he lives in a traditional family with his wife and six children.

Early on, Daouda got interested in money-earning businesses, in particular buying and selling necklaces, prayer beads, perfumes, etc. He sells in Kadiana.

Building on 20 years of experience in this field, he's working with Kiva's partner, Soro Yiriwaso, in order to bolster his working capital and meet an ever-increasing customer demand.

He's seeking his first loan, which he intends to use to buy necklaces, prayer beads, and perfumes. He gets his supplies from wholesalers in Bamako. He sells in Kadiana on a daily basis, for cash, and sometimes on credit. He's especially in demand during fair days.

Mr. Daouda hopes to turn an average monthly profit of XOF 107'500 (ca US$ 225) to be used to provide for the family's needs, repay the loan, and reinvest in his business.
View original language description ↓
Né vers 1970 A KADIANA (une sous-préfecture de la 3ème Région administrative du Mali), DAOUDA y réside avec sa femme et ses 6 enfants dans une famille traditionnelle.
Mr DAOUDA s’est vite intéressé aux activités génératrices de revenus notamment à l’achat et vente de colliers, chapelets, parfums, etc. Sa vente se fait à Kadiana.
Fort de ses 20 années d’expériences dans le domaine, il collabore avec Soro Yiriwaso pour augmenter son fonds de commerce afin de satisfaire sa clientèle qui ne cesse de grandir et est à son premier prêt.
Mr DAOUDA compte utiliser son prêt pour acheter des colliers, chapelet, parfums. Il s’approvisionne à BAMAKO chez les grossistes .II effectue ses ventes au comptant et quelques fois à crédit à KADIANA tous les jours. Il est surtout sollicité le jour de foire.
Mr DAOUDA espère réaliser un bénéfice mensuel de 107.500FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir 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.

About Mali

  • $1,200
    Average annual income
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 483.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Daouda to buy necklaces, prayer beads, and perfumes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 18, 2013
Listed
Jan 17, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2014