Funded

Total loan: $950
Powered by 30 lenders

Seydou

Mali
Kèlèkèlè, Mali / Cereals

A loan of $950 helped buying grains.


Seydou's story

Mr. Seydou Koné is a 38-year-old married man who is polygamous and the father of four children.  He lives in a large traditional family in Kèlèkèlè, a village in Tousséguéla sub-prefecture, Kolondièba prefecture, in the third region (Sikasso) of the Republic of Mali.

To better reduce his poverty, Mr. Koné joined the micro-finance institution Soro Yiriwaso loan program and is now on his fourth loan cycle.  With the new loan, he intends to obtain 400 kg of peanut seeds, 1,000 kg of millet, and 2,000 kg of corn that he will stock up for resale when prices are higher.  He gets his supplies from the Kolondièba market on the days when the fair is held. He sells in Bamako to a customer base composed essentially of retailers. He hopes to make an average monthly profit of 30,000 francs CFA. 

Looking forward, he hopes to open a large store in Kolondièba, the prefecture seat, in order to satisfy his customers, who are becoming more numerous.  The profits will be used to cover schooling costs, health care, and food.  The rest of it will be invested in his business.

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: October 11, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: October 11, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children