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Alou Sanogo
Alou is 29 years of age, is married, and is a father to three children. He lives with his family in the town of Koutiala (in the region of Sikasso). He works as a teacher in a private school in Koutiala. In addition to this job, he also works in commerce, namely selling various store items and cereal stock. These businesses give him a fair amount of income, and he is often in demand and has many customers each day.

To ensure customer satisfaction and to expand his business, Alou has sought assistance from the Soro Yiriwaso microfinance institution to meet his goals. He is on his second individual loan, which will be used to buy stocks of different types of merchandise, namely boxes of tea and soap, bags of cereal, and sugar. Alou gets his supplies from wholesalers in Koutiala, and sells on a cash basis in a store in Koutiala KoKo to a mixed clientele.

With this expansion of his business, Alou hopes to make a monthly profit of 90,000 francs CFA, which he will use to pay the interest on his Soro Yiriwaso loan and provide for his family. The rest of the money will be reinvested in his business.
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Agé de 29 ans, Alou a une épouse et est père de 3 enfants. Il vit avec sa famille dans la ville de Koutiala (Région de Sikasso). Alou est enseignant dans une école privée à Koutiala, en plus de cette profession il mène des activités de commerce notamment la vente d’articles divers de boutique et le stockage de céréales.
Ces activités lui procure assez de revenus, sa demande est souvent très grande, car il reçoit beaucoup de clients par jour. Pour la bonne satisfaction de sa clientèle et l’agrandissement de son activité, Alou a fait recours à l’institution de microfinance Soro Yiriwaso pour l’atteinte de ses objectifs. Il est à son 2e prêt individuel qui sera utilisé pour l’acquisition des stocks de diverses marchandises : cartons thé, de savon, des sacs de céréales et de sucres. Il s’approvisionne auprès des grossistes de Koutiala et effectue sa vente dans sa boutique à Koutiala KoKo à une clientèle mixte en espèce. Avec l’agrandissement de son activité, monsieur compte réaliser un bénéfice mensuel de 90.000 FCFA qu’il utilisera pour le remboursement des taux d’intérêts de Soro, satisfaire aux besoins de sa famille et investir le reste dans son activité.

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
  • 60
    View loans »
    Mali Loans Fundraising
  • $12,694,675
    Funds lent in using Kiva
  • 514.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD