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Mr. Mohamed, 28 years old, is married and the father of two children. He lives in a nuclear family with his wife and children in the Sébougou neighborhood of Ségou (fourth administrative region of the Republic of Mali).

Mohamed quit school in the fourth class of basic school (Malian education system) to get into retailing general merchandise. He worked in this activity for seven years. He is very experienced in this line of work, and his strength is the way he welcomes his clientele and especially his flexibility towards the workers at the G.D.C.M. factory, who constitute the backbone of his clientele.

Wishing to satisfy the demand of that clientele, especially in view of the coming holiday, called Tabaski in Mali, where the demand for his merchandise rises, he is requesting this new loan. He has been dealing with Soro Yiriwaso for 48 months and has already had four individual loans, all correctly reimbursed. He is now on his 5th individual loan. which he plans to use to purchase two sacks of sugar, three cartons of soap, and four jerrycans of oil. He buys his supplies right in Ségou.

Mr. Mohamed sells on a cash basis, to a clientele composed of women and men. With this loan he expects to make a monthly profit of 28,000 F CFA which will allow him to cover his family's expenses. His ambition is to construct a house.
View original language description ↓
Monsieur Mohamed est âgé de 28 ans, marié et père de 2 enfant. Il vit dans une famille nucléaire avec sa femme et ses enfants au quartier Sébougou de Ségou (quatrième région administrative de la république du Mali).
Mohamed a abandonné les études en classe de 4ème année fondamentale (système éducatif Malien) pour s’intéresser aux activités d’achat et de vente d’articles divers de boutique. Il mène cette activité depuis 7 ans. Il a une maîtrise du rouage de ce secteur d’activité, sa force est due à son accueille clientèle et surtout sa souplesse envers les travailleurs de l’usine G.D.C.M. qui constituent l’ossature de sa clientèle.
Dans le souci de satisfaire sa demande clientèle surtout pour la fête de tabaski qui s’annonce où il y’a plus de demande, il sollicite ce nouveau prêt, il est en relation avec Soro Yiriwaso depuis 48 mois et a déjà obtenu 4 prêts individuels tous correctement remboursés. Il est à son 5ème prêt individuel qu’il compte utiliser pour acheter, 2 sacs de sucre, 3 cartons de savons et 4 bidons d’huiles, il s’approvisionne sur place à Ségou.
Monsieur Mohamed vend au comptant à une clientèle composée de femmes et d’hommes. Avec ce prêt il envisage réaliser un bénéfice mensuel 28.000 FCFA, qui lui permettra de prendre en charge les dépenses familiales. Son ambition est de construire une maison.

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
  • 502.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mohamed to buy two sacks of sugar, three cartons of soap, and four jerrycans of oil for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 23, 2012
Oct 25, 2012
Currency Exchange Loss:
Nov 17, 2013