Funded

Total loan: $600
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Abdoulaye

Mali
Socourani, Mali / Cereals

A loan of $600 helped to buy rice.


Abdoulaye's story

Mr. Abdoulaye Koné is 27 years old, married (in a monogamous marriage) and the father of 2 children. He lives with his wife in a traditional extended family in Flacoda, a hamlet near Socourani, one of the villages in the sub-prefecture of Fakola, prefecture of Kolondièba in the Third Region (Sikasso) of the Republic of Mali.

Mr Koné, who did not have the opportunity to go to school, soon became interested in activities that produce revenue, in particular, buying and selling agricultural products. To ease his poverty, Mr. Koné belongs to the loan program of Soro Yiriwaso, and he is in his first cycle. With this loan, he plans to buy 3 tons of rice to re-sell in Bamako and in Guèya, a village in Mali's sister republic, Côte-d’Ivoire. When he goes to Guèya in Côte-d’Ivoire, on his way back he buys yams, bananas, and cassava paste cheaply, to re-sell in Mali.

He obtains his supplies in the surrounding villages and hopes to make an average profit of 100,000 CFA francs which will be invested in his business, and also used for healthcare, school fees, food, and to buy animals.

Translator profile picture

Translated from French by Kiva volunteer Sarah Puchner



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: December 30, 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: December 30, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children