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Sitapha
Born in DIANGUERELA, SITAPHA lives with his five children and wife in a nuclear family in the BANANKABOUGOU district of OUELESSEBOUGOU CITY, Préfecture de KATI (Région de Koulikoro), Republic of MALI. Not having had the chance to progress in school, SITAPHA soon became interested in revenue-generating businesses, especially in the buying and selling of shop goods: tea, sugar, cigarettes, rice, millet, corn, oil, soap, notebooks, bic [ballpoint pens], and beverages.

SITAPHA is on his first individual loan with the the microfinance institution Soro Yiriwaso. It will used to purchase 3 sacks of sugar, 4 boxes of soap, 3 sacks of rice, 20 boxes of tea, and 10 cartons of cigarettes. He gets his supplies from wholesalers in Bamako. And he makes his sale retail to a mixed customer base paying with cash or credit, in BANANKABOUGOU.

SITAPHA hopes to make a monthly profit of 50,000 francs CFA that will be used to pay back the loan and to reinvest the rest in the commerce of groceries.
View original language description ↓
Né à DIANGUERELA, SITAPHA vit avec ses cinq enfants et son époux dans une famille nucléaire au quartier BANANKABOUGOU, de la ville de OUELESSEBOUGOU, Préfecture de KATI (Région de Koulikoro, République du MALI).
SITAPHA n’a pas eu la chance de progresser à l’école, très vite il s’intéressa aux activités génératrices de revenus notamment l’achat vente des marchandises de boutique : thé, sucre, cigarette, riz, mil, maïs, huile, savon, cahier, bic et boisson. SITAPHA est à son premier prêt individuel avec Soro Yiriwaso qui sera utilisé pour acheter, 3 sacs de sucre, 4 cartons de savon, 3 sacs de riz, 20 cartons de thé et 10 cartouches de cigarettes. Il s’approvisionne auprès des grossistes à BAMAKO et effectue ses ventes au comptant, à crédit et en détail, à BANANKABOUGOU à une clientèle mixte.
SITAPHA espère réaliser un bénéfice mensuel de 50.000FCFA qui sera utilisé pour rembourser le prêt et réinvestir le reste dans les activités d’achat vente des marchandises de boutique.

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

  • $1,200
    Average annual income
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 474.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Sitapha to purchase a variety of grocery items for his shop.
98% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015