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Mr. Seydou is a married 28-year-old. The father of one child, he lives in a monogamous family with his wife and child in Ouelessebougou. After unsuccessfully trying several business, he decided to begin retailing hardware items. In search of additional financial resources, he joined Soro Yiriwaso's credit program. He is currently on his second individual loan after paying back the first without difficulty.

With this loan, Mr. Seydou plans to buy a large quantity of hardware items, including light bulbs, locks, paint, concrete rebar, and cement in Bamako, which he will stock in his store and sell in the Ouelessebougou market. His customers include both men and women. He operates his business year-round and buys his products twice a month.

Mr. Seydou hopes to make a monthly profit of 200,000 FCFA, which he plans to use to cover his family's expenses and to invest in his business.
Monsieur Seydou est marié et âgé de vingt huit ans. Père d’un enfant il vit dans une famille monogame avec sa femme et son enfant à Ouelessebougou.
Après avoir mené beaucoup d’activités sans réussite, il décida de s’initier aux activités d’achat et de vente d’articles de quincaillerie.
Dans sa recherche de ressources financières complémentaires, il intégra le programme crédit de Soro Yiriwaso. Actuellement il est à son deuxième prêt individuel, après avoir remboursé sans difficulté le premier.
Il compte acheter avec ce prêt, une quantité importante d’articles de quincaillerie constitués : d’ampoules, de serrures, de peinture, de fer à béton et de ciment à Bamako, qu’il stock dans son magasin et vend au marché de Ouelessebougou, aux hommes et femmes. Il mène son activité durant toute l’année et s’approvisionne deux fois par mois.
Il espère réaliser un bénéfice de 200.000 F CFA par mois qu’il compte utiliser pour résoudre les dépenses de sa famille et investir dans son activité commerciale.

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
  • 28
    View loans »
    Mali Loans Fundraising
  • $12,494,400
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD