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Mr. Monzon B. is a 23-year-old man who is unmarried and living in his older brother's place in Bougouni, in the Médine district. Having dropped out of school early, he soon started a revenue-generating business buying and selling mobile phones and accessories. He learned about this work from his uncle. With five years of experience, he has mastered his business.

To obtain substantial working capital, Monzon decided to join the micro-finance institution Soro Yiriwaso and is now on his first [loan] experience for buying mobile phones and accessories, such as cases or faceplates. He gets his supplies in Bamako (capital of the Republic of Mali). With this loan, he plans on making a monthly profit of 50,000 francs CFA. Using the profits, Monzon envisions expanding his enterprise and helping his older brother cover family expenses.
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Monsieur Monzon B. est un célibataire de 23 ans, sans enfant, qui vit chez son grand frère à Bougouni, dans le quartier Médine.
Ayant vite abandonné l’école, très tôt il commença les activités génératrices de revenus notamment l’achat et la vente de téléphones portables et accessoires, qu’il apprit auprès de son oncle. Avec une expérience de 5 ans, Monsieur Monzon B. maîtrise parfaitement son activité.
Pour avoir un fonds de roulement consistant il décide de rejoindre Soro Yiriwaso, avec qui il est à sa première expérience, pour acheter des téléphones portables et accessoires telles les façades. Il s’approvisionne à Bamako (capitale de la république du Mali).
Avec ce prêt, Monsieur Monzon B. compte réaliser un bénéfice mensuel de 50 000FCFA.
Avec ce bénéfice, il envisage d’agrandir son entreprise et aider son grand frère assurer les dépenses de la famille.

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

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $12,508,650
    Funds lent in using Kiva
  • 466.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD