Check out some available loans that are similar to this one!
Yacouba
Born in 1984 in OUELESSEBOUGOU, YACOUBA lives with his three children and wives in a nuclear family in WAHABIAKING, a district in OUELESSEBOUGOU, Préfecture de KATI (Région de KOULIKORO), in the Republic of Mali. Not lucky enough to advance in school, he soon became interested in revenue-generating businesses along side his paternal uncle, who used to do commerce in general merchandise. After years of experience with him, YACOUBA opted for the same work, namely commerce in various goods: teas, sugars, candies, milk, batteries, flashlights, etc

After having correctly repaid the first loan, YACOUBA is now on his fifth loan with the microfinance institution Soro Yiriwaso. The loan will be used to purchase 5 sacks of sugar, 4 boxes of batteries, 5 bags of candy, and 5 boxes of tea. He gets his supplies from wholesalers in Bamako, and he makes his sales retail while accepting cash or credit from a mixed customer base at his house in OUELESSEBOUGOU and at nearby fairs.

YACOUBA hopes to make a monthly profit of 750,000 francs CFA that will be used to pay back the loan and reinvest in his business buying and selling general merchandise.
View original language description ↓
Né en 1984 à OUELESSEBOUGOU, YACOUBA vit avec ses 3 enfants et ses femmes dans une famille nucléaire à WAHABIAKING, un des quartiers de OUELESSEBOUGOU, Préfecture de KATI (Région de KOULIKORO, République du MALI).
YACOUBA n’a pas eu la chance de progresser à l’école, très vite intéressa aux activités génératrices de revenus auprès de son oncle paternel qui faisait le commerce d’articles divers. YACOUBA, après des années d’expériences avec ce dernier, opta pour les mêmes activités à savoir le commerce d’articles divers : thés, sucres, bombons, laits, piles, torches, etc.
Après avoir correctement remboursé le premier prêt, YACOUBA est à son cinquième prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 5 sacs de sucre, 4 cartons de pile, 5 sacs de bonbons et 5 cartons de thé. Il s’approvisionne auprès des grossistes à BAMAKO et effectue ses ventes au comptant, à crédit et en détail, à domicile, à OUELESSEBOUGOU et dans les foires environnantes à une clientèle mixte.
YACOUBA espère réaliser un bénéfice mensuel de 750.000FCFA qui sera utilisé pour rembourser le prêt et réinvestir dans les activités d’achat vente des articles divers.

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.

Tags

About Mali

  • $1,200
    Average annual income
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 481.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Yacouba to purchase a variety of goods to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 13, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014