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Soumaila
Soumaila was born around 1971 in Sikoro, Kadiana commune, one of the sub-prefectures of the third administrative region of Mali. He has two wives and six children, and lives in a nuclear family in Sikoro. He began earning money at a young age, by buying and selling cereals and various items in his shop in Sikoro.

Soumaila has fifteen years' experience in his business and has decided to work with the field partner, Soro Yiriwaso, in order to increase his working capital. This will enable him to satisfy the increasing demands of his customers. Soumaila will use this, his first loan, to buy ten sacks of maize, ten sacks of millet and three sacks of sorghum from Sikoro and the surrounding area. He sells to various customers for cash or credit at the market or at home.

Soumaila hopes to earn 40,000 francs CFA a month, and will use this to repay his loan, reinvest in his business and provide for the needs of his family.
View original language description ↓
SOUMAILA est né vers 1971 à SIKORO, commune de KADIANA, une des sous- préfectures de la 3ème Région administrative du Mali .Mr SOUMAILA a 2 femmes et 6 enfants. Il réside à SIKORO dans une famille nucléaire.
Mr SOUMAILA s’est vite intéressé aux activités génératrices de revenus notamment à l’achat et vente de céréales et darticles divers de boutique.Sa vente se fait à SIKORO.
Fort de ses 15 années d’expérience 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 SOUMAILA compte utiliser son prêt pour acheter 10 sacs de mais et 10 sacs de mil et 3 sacs de sorgho. Il s’approvisionne à SIKORO et environnants .Il effectue ses ventes au comptant et quelques fois à crédit au marché et à la maison. Sa clientèle est mixte.
Mr SOUMAILA espère réaliser un bénéfice mensuel de 40.000FCFA 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

  • $1,100
    Average annual income
  • 20
    View loans »
    Mali Loans Fundraising
  • $11,391,850
    Funds lent in using Kiva
  • 471.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD