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Mamadou
Born around 1966 in Bougouni, Mamadou is a married man and father of five children. He lives in his father's home in the Medine district of Bougouni.

Mamadou is a refrigeration expert by trade. Wishing to expand the scope of his business, he decided to add on the purchase and resale of spare parts for refrigerators about 10 years ago. He has a good reputation in this business and gets lots of orders, especially when the hot season is approaching, for this is the moment when those who own refrigerators have a lot of problems.

Thus, Mamadou decided to join the Soro Yiriwaso program with which he is presently on his first individual loan. He intends to use this loan to buy five bottles of gas of 12 kilograms each and 20 fans. He will resell them in his workshop to a clientele composed mainly of heads of family who have one or more freezers as well as to his local colleagues in the cooling business.

Based on this loan, Mamadou expects to make a monthly profit of 65,000 F CFA which will be used essentially to share in covering family expenses and pay the interest on his loan, investing any remainder in his activity.
View original language description ↓
Née vers 1966 à Bougouni, Mamadou est une homme marié et père de 5 enfants. Il vit chez son père dans le quartier Medine de Bougouni.
Mamadou est un frigoriste de profession. Dans le souci de renforcer son secteur d’activité, il décide d’associer l’activité d’achat et de vente de pièces détachées (Frigo) Il y a environ 10 ans. Il jouit d’une forte réputation dans cette activité et reçoit beaucoup de commande surtout à l’approche de la saison chaude car c’est en ce moment que les détenteurs de réfrigérateur ont assez de problème. Ainsi, il décida d’adhérer au programme de Soro Yiriwaso avec lequel il est à son 1 er prêt individuel. il compte acheter avec ce prêt 5 bouteille de gaz de 12 kilo et 20 ventilateurs. Il les revendra dans son atelier à une clientèle composée généralement des chefs de famille qui dispose d’un ou plusieurs congélateurs et ses collègue frigoristes de sa localité.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 65 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 479.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Mamadou to buy spare parts for refrigerators.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 18, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015