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Mamadou Adama
Born in January 1983 in Kolondièba (a borough in the third largest administrative region of Mali), Mamadou lives in the town of Kolondièba with his two children and his wife, as a nuclear family. Mamadou became interested at an early age in income generating activities, in particular the buying and selling of cereal crops (maize, cornmeal, sorghum etc).
With four year's experience in this field, he is much appreciated and sought after at the market, in particular on fête days. Mamadou is working with Soro Yiriwaso to grow his capital in order to service his ever growing customer base; he is on his second loan, having fully repaid the previous one. Mamadou intends to use his loan in order to purchase 400 kilos of cereals. He buys his supplies from producers in the surrounding villages. His sales take place in his shop for cash on a retail basis, and occasionally for credit, to both men and women customers.
Mamadou hopes to achieve an average monthly profit of 40,000 FCFA which will be used to meet the family's needs, to repay the loan, and to invest back into the business.
View original language description ↓
Né en Janvier 1983 à Kolondièba (Préfecture de la 3ème Région administrative du Mali), MAMADOU réside à Kolondièba ville avec ses 2 enfants et sa femme dans une famille nucléaire.
Monsieur MAMADOU s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente de céréales (maïs, mil, sorgho, etc.).
Fort de ses 4 années d’expériences dans le domaine il est très apprécié et sollicité au marché et surtout le jour de foire.
MAMADOU collabore avec Soro Yiriwaso pour augmenter son fonds de commerce afin de satisfaire sa clientèle qui ne cesse de grandir et est à son deuxième prêt, après avoir correctement remboursé le précédent.
MAMADOU compte utiliser son prêt pour acheter 400 kilos de céréales. Il s’approvisionne dans les villages environnants chez les producteurs. Il effectue ses ventes au comptant en détail et quelques fois à crédit dans son magasin à une clientèle composée d’hommes et de femmes.
MAMADOU espère réaliser un bénéfice mensuel moyen de 40.000FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les activités.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $12,494,400
    Funds lent in using Kiva
  • 495.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD