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Salif
Salif, who was born in October 1962, is married and father to 13 children. He lives in his father's house in Missirikoro, one of the working class districts of the town of Sikasso, the Republic of Mali's third administrative region.

Salif has had many unsuccessful activities, but launched himself into buying and selling fruit (oranges, bananas, mangos, pineapple, avocados, etc) six years ago. With a view to better satisfying his ever-growing customer base, he decided to join the microfinance institution, Soro Yiriwaso, two years ago and is on his fourth individual loan. The three previous loans have been repaid in full.

With this fourth loan he is planning to buy significant quantities of fruits (oranges, bananas, mangos and pineapples) coming from Sikasso's surrounding towns. These goods are initially stocked in his shop so that they can then be sold on a retail basis in the market and in Sofara (in the Mopti region) to a customer base made up of men and women, for cash and on credit.

Thanks to this loan he expects to make an average monthly profit of 170,000FCFA, which will be used to expand his business, contribute to the household outgoings and to pay the interest on his loan.
View original language description ↓
Monsieur SALIF est né en Octobre 1962, marié et père de 13 enfants il réside chez son père à MISSIRIKORO un des quartiers populaires de la ville de Sikasso troisième région administrative de la république du Mali.
Monsieur SALIF après avoir mené beaucoup d’activité sans succès, s’est initié des activités d’achat et de vente de fruits ( orange, banane, mangue, ananas, avocat, etc) il y'a maintenant 6 ans. Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso il ya maintenant deux ans et avec qui il est à son quatrième prêt individuel. Les 3 prêts antérieurs ont été correctement remboursés.
Il compte avec ce quatrième prêt acheter des quantités importantes de fruits ( orange, banane, mangue et ananas) en provenance des localités environnantes de Sikasso. Ces marchandises sont d’abord stockées dans son magasin afin d’êtres revendues en détail sur le marché et à Sofara ( région de MOPTI) à une clientèle composée d’homme et de femme au comptant et à crédit.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 170 000 FCFA qui sera utilisé pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 21
    View loans »
    Mali Loans Fundraising
  • $10,726,175
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Salif to buy fruit.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 10, 2014
Listed
Apr 20, 2014
Currency Exchange Loss:
Possible
Ended:
May 23, 2015