Check out some available loans that are similar to this one!
Alou
Born in 1976 in Ouelessebougou, Alou lives with his seven children and his spouses in a nuclear family; they live in N’Tentou, in Ouelessebougou sub-prefecture (Koulikoro region of the Republic of Mali).
Alou did not have a chance to progress through school; he became interested in revenue-generating activities early on, notably buying and selling cereals: corn, rice, millet, fonio, etc.
In order to meet his clients’ growing needs, Alou decided to collaborate with Soro Yiriwaso. After he correctly paid back his third loan, he is now on his fourth individual loan, which will be used to purchase twenty bags of rice and ten bags of corn from producers in and around Ouroun. He mainly retails for cash or credit, from home as well as in the market and local fairs; his clientele is mixed-gender.
Alou hopes to make an average monthly profit of 75,000 XOF, which will be used to pay back the loan and reinvest in his commercial cereal business.
View original language description ↓
Né en 1976 à OUELESSEBOUGOU, ALOU vit avec ses 7 enfants et ses époux dans une famille nucléaire à N’TENTOU dans la Sous Préfecture de OUELESSEBOUGOU, (Région de KOULIKORO République du MALI).
ALOU n’a pas eu la chance de progresser à l’école, très vite s’intéressa aux activités génératrices de revenus notamment à l’achat vente de céréales: maïs, riz, mil, fonio, etc.
Dans le souci de satisfaire le besoin croissant de ses clientèles, ALOU décida de collaborer avec Soro Yiriwaso. Après avoir correctement remboursé le troisième prêt, il est à son quatrième prêt individuel qui sera utilisé pour acheter, 20 sacs de riz, 10 sacs de maïs auprès des paysans producteurs de OUROUN et environnants. Il vend essentiellement au comptant, à crédit, en gros et en détail, à domicile, dans le marché et dans les foires environnantes à une clientèle composés d’hommes et de femmes.
ALOU espère réaliser un bénéfice moyen mensuel de75 000 FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités d’achat vente de céréales.

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

  • $1,100
    Average annual income
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 481.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD