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Salimata
Ms. Salimata Konaté is a 44-year-old woman and the mother of two children who lives with one of her children in the Torakabougou district of the city of Bougouni (3rd administrative region of the Republic of Mali).  After unsuccessful years of modern schooling, she decided to become interested in revenue-generating work, particularly the making and selling of incense.  She learned this business from a friend in Bamako (capital of Mali).

To obtain working capital for meeting the needs of her burgeoning customer base, she decided to join the micro-finance institution Soro Yiriwaso to buy the raw materials for making incenses.  Her output is sold in Bougouni in her shop near the high school intersection in Bamako and in Sikasso.  She is much sought-after for the quality of her products.  Her customers are made up essentially of women.  She supplies herself with raw materias from wholesalers at the Bougouni marketplace. 

She hopes to realize a monthly profit of 35,000 francs CFA that will be used to repay the loan interest and to meet her personal needs.  With the profits, she envisions expanding her enterprise.
View original language description ↓
Madame Salimata Konaté est une femme de 44 ans et mère de 2 enfants qui vit avec un de ses enfants dans le quartier Torakabougou de la ville de Bougouni (troisième région administrative de la république du Mali).
Après des années d’études à l’école moderne sans réussite, elle décida de s’interesser aux activités génératrices de revenus notamment la préparation et la vente de l’encens. Elle a appris cette activité auprès d’une amie à Bamako (capitale du Mali).
Afin d’obtenir un fond de roulement pour satisfaire sa clientèle de plus en plus nombreuse, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso pour acheter les matières premières entrant dans la préparation de l’encens. Sa production est vendue à Bougouni dans sa boutique sise au carrefour de lycée, à Bamako et à Sikasso. Elle est très sollicitée pour la qualité de ses produits et sa clientèle est constituée essentiellement de femmes. Elle s’approvisionne en matières premières dans le marché de Bougouni auprès des grossistes.
Elle espère réaliser un bénéfice mensuel de 35 000 FCFA qui servira à rembourser les intérêts du prêt et subvenir à ses besoins personnels.
Avec se bénéfice elle envisage agrandir son entreprise.

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

  • $1,200
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $9,992,325
    Funds lent in using Kiva
  • 440.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Salimata to buy ingredients for making incense.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 2, 2009
Listed
Nov 8, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010