Check out some available loans that are similar to this one!
Lamine
Born in Nioro, Sahel, Mr. Lamine lives in a polygamous familywith his wives and six dhildren in Hamadali, a working-class neighborhood of the city of Sikasso, the third administrative region of Mali. Not having had a chance to progress in his studies, four years ago he launched a business buying and selling fruits and vegetables (potatoes, oranges, lemons, sweet potatoes etc). Thanks to his experience in this field, he has a good business reputation and receives a lot of orders in Bamako, Kayes and Mopti. However, he laks the necessary means to provide of rhis needs. Thus a year ago he joined the Soro Yiriwaso microfinance institution and is now seeking his second individual loan. This loan will allow him to bolster his working capital and meet his customers' expectations With this individual loan, he wiill by in the region by Skiasso 25 bags of potatoes, 10 bags of oranges, 20 bags of lemon, and 20 bags of sweet potaoes. He sells wholesale and retail to a customer base composed of all soical layers, for cash and in credit. He plans to earn an average monthly revenue of 80,000 West African francs, which will be used to cover his and his family's expenses. pay off the interest on his loan, and reinvest the rest in his business
View original language description ↓
Né à NIORO du Sahel, Monsieur LAMINE est un polygame résidant avec ses épouses et leurs 6 enfants à HAMDALLAYE, un des quartiers populaires de la ville de Sikasso troisième région administrative de la république du Mali.
Monsieur LAMINE n’ayant pas eu la chance d’avancer aux études, s’est initié il y a quatre 4 ans des activités d’achat et de vente des Fruits et légumes (Pomme de terre, orange, citron patate, etc.). Avec une telle expérience dans ce domaine, il jouit d’une forte réputation et accueille beaucoup de commandes au niveau de Bamako, de Kayes et de Mopti, mais les ressources nécessaires pour satisfaire ces besoins fait défaut. Ainsi, il rejoint à l'institution de micro finance Soro Yiriwaso il y a une année avec laquelle il sollicite ce deuxième prêt individuel qui lui permettra d’augmenter son fonds de commerce pour en fin répondre aux attentes de ses clients. Ainsi ce deuxième prêt individuel lui permettra d’acheter dans les localités environnantes de Sikasso 25 sacs de pomme de terre, 10 sacs d’orange, 20 sacs de citron, 20 sacs de patate. Ses ventes sont faites en gros et en détail à une clientèle composée de toutes les couches sociales au comptant et à crédit.
Il envisage réaliser un bénéfice moyenne mensuel de 80 000 FCFA qui sera utilisé pour résoudre ses dépenses, celles de sa famille, payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 33
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Lamine to buy fruits and vegetables.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2014
Listed
Apr 27, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015