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Almoudou
Mister Almoudou, born in Dianke, is married, and the father of four daughters. He lives with his wife and their children as a traditional family. They reside in Medine, one of the popular neighborhoods of the city of Sikasso, in the third administrative region of the Republic of Mali.

Mister Almoudou did not get the opportunity to continue school, and instead was initiated into sewing by his uncle at a young age, over thirty years ago. His workshop is located in Sikasso’s great market. Most of his clientele is male, with many fair merchants. With such a long experience in his domain, he enjoys the complete trust from his profession, which earned him the presidency of the Surveillance Committee of the Sikasso Tailors’ Association (A.T.S.). In addition to tailoring, he purchases sewing machines in Lome (Republic of Togo) and men’s fabrics that he retails cash or credit to other Sikasso tailors.

In order to meet the ever-growing demand, he is requesting this seventh loan from micro-finance institution Soro Yiriwaso. This seventh individual loan will allow him to purchase twelve sewing machines and twenty pieces of fabric.

With this loan, he is planning on a monthly profit of 150,000 XOF. With the profit, he will pay for his personal expenses, contribute to the family’s expenses, pay the loan interests, and reinvest in his workshop.
View original language description ↓
Monsieur ALMOUDOU est né à DIANKE,marié, père de 4 filles il réside avec sa femme et leurs enfants dans une famille traditionnelle à Médine un des quartiers populaires de la ville de Sikasso troisième région administrative de la république du Mali.
Monsieur ALMOUDOU n’ayant pas eu la chance d’avancer à l’école, il s’est très vite initié depuis plus de trente ans à la couture auprès de son oncle à Sikasso. Son atelier se situe au grand marché de Sikasso et la plupart de sa clientèle est composée des hommes surtout les forains. Avec une telle expérience dans le domaine, il jouit d’une parfaite confiance de la famille des tailleurs ce qui lui a valu d’être le président du Comité de Surveillance de l’Association des Tailleurs de Sikasso (A.T.S.). En plus de la couture, il achète des machines à coudre à Lomé (république de Togo) et des tissus d’homme afin de les revendre au comptant et à crédit aux tailleurs de Sikasso. Dans le souci de mieux satisfaire des commandes de plus en plus croissantes, il sollicite ainsi ce septième prêt individuel auprès de l’institution de microfinance Soro Yiriwaso. Ce septième individuel lui permettra d’acheter 12 machines à coudre et accessoires et 20 complets tissus.
Avec ce prêt, il envisage réaliser un bénéfice mensuel de 150 000 FCFA. Avec ces bénéfices réalisés, il compte résoudre ses dépenses personnelles, contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son atelier.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 475.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $850 helped Almoudou to buy sewing machines and fabrics.
72% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 17, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible