Funded

Total loan: $825
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Oumar

Mali
Kangaré, Mali / Manufacturing

A loan of $825 helped to buy welding materials.


Oumar's story

OUMAR, age 36, lives with his wife and their three children in the sub-prefecture of KANGARE, region of SIKASSO.

OUMAR did not get to go to school. He became interested in welding at an early age, and learned this trade from his maternal uncle who used to be a renowned welder in OUELESSEBOUGOU.

To meet the needs of a growing customer base, he joined the microfinance institution Soro Yiriwaso. This is his second loan cycle with the MFI, and he plans to use this credit to buy the raw materials needed for welding (sheet metal, rods, iron bars) from wholesalers in BAMAKO. He transforms this material into doors and windows, which he sells to a mixed clientele in OUELESSEBOUGOU, cash or credit.

OUMAR expects to earn an average monthly profit of 125,000 FCFA, which he will use to repay his loan and to invest in is activity.

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Loan details

Loan length:

10 months
Disbursed date: August 28, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: August 28, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children