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Kassoum
Mr. Kassoum was born circa 1956 in Niena, where he lives. He's married and the father of five children. He lives with his spouse in a traditional family in Socourani, a neighborhood in Niena, Sikasso Cercle, in the third administrative region of the Republic of Mali.

Mr. KASSOUM has been buying and selling herbicides and fertilizers for the past 20 years. He gets his supplies in Sikasso, and he is seeking his first loan from Kiva's partner, the MFI Soro Yiriwaso, in order to better meet an ever-increasing customer demand.

This loan will enable him to buy 5 boxes of 12 cans of herbicide of various quality and twenty 50 kg sacks of fertilizer. He buys in Sikasso, and retails in Niena, for cash and on credit, to a clientele comprising both men and women.

He foresees turning an average monthly profit of XOF 97'000, which will enable him to repay the loan and interest. The remainder will be invested in his business.
View original language description ↓

Monsieur KASSOUM est né vers 1956 à NIENA, marié, père de 5 enfants et il réside avec son épouse dans une famille traditionnelle à SOCOURANI un quartier de NIENA une commune dans le cercle de SIKASSO 3ième région administrative de la république du MALI.
Monsieur KASSOUM mène des activités d’achat et de vente des herbicides, des engrais il ya 20 ans, il s’approvisionne à SIKASSO.
Il est à son premier prêt individuel commerçant avec l’Institution de Microfinance Soro Yiriwaso dans le souci de mieux satisfaire sa clientèle de plus en plus croissante.
Ce prêt lui permettra de faire l’achat de 5 cartons de 12 bidons herbicides de qualité différente, 20 sacs de 50 kg d’engrais à SIKASSO pour la revendre au détail à NIENA à une clientèle composée d’homme et de femme au comptant et à crédit.
Il envisage réaliser un bénéfice mensuel moyen de 97 000 francs CFA par mois. Ce bénéfice lui permettra de payer le prêt et son intérêt 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.

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About Mali

  • $1,200
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 483.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Kassoum to buy 60 cans of herbicide and 20 sacks of fertilizer.
97% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 3, 2015