Funded

Total loan: $525
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Mahamadou

Mali
Sikasso, Mali / Home Products Sales

A loan of $525 helped purchasing mattresses.


Mahamadou's story

Born on December 1985 in the town of Sikasso, Mr. Mahamadou Diabaté is married and the father of two children (a boy and a girl). He lives with his wife and children in a traditional extended family, together with his parents and brothers in Sanobougou I, a peripheral district of the town of Sikasso (the third administrative region of Mali).

After unsuccessfully trying to work as a baker, two years ago Mr. Diabaté launched a business selling mattresses in the area of Bobo Dioulasso in Burkina Faso. In order to meet the growing customer demand, a year ago he decided to join the Soro Yiriwaso microfinance institution . His first loan duly repaid, he is now seeking a second loan in order to bolster his buinsess capital. This second loan will allow him to purchase ten 15-cm mattresses, five 20-cm “double” mattresses, eight 20-cm “triple” [queen size] mattresses etc. He is very sought after by the local furniture makers. His mattresses are retailed for cash, and often on credit.

With this loan, he plans to achieve a monthly inome of 100,000 West African francs, which will basically be used to bolster his business capital, contribute to the family budget and pay off the interest on his loan.

Translator profile picture

Translated from French by Kiva volunteer Ekaterina Sukhanova



Loan details

Loan length:

13 months
Disbursed date: February 1, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: February 1, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children