Check out some available loans that are similar to this one!
Aminata
Mrs. Aminata Kassongué is 50 years old, married and mother to eight children. She lives with her husband and children in the Kouloukoro district of the town of Koutiala. Since she did not have the chance to shine in her studies, Aminata became interested at an early age in income-generating activities, notably with the purchase and sale of various goods such as condiments and wheat flour. She has been carrying out this activity for more than 11 years.

In order to overcome the small ruptures in stock which she experiences frequently and which lead to her losing customers, she decided to join the microfinance institution, Soro Yiriwaso six years ago, to be able to satisfy her customer demand. Having had eight group loans, all of which she repaid on time, she is now on her third individual loan (the two previous ones having also been repaid on time).

She is planning on buying sacks of wheat flower from wholesalers in Koutiala; she sells her goods at the Kouloukoro market and at home to a customer base which is predominantly feminine, for cash and on credit.

With the reinforcement of her business, she expects to make an average profit of 75,000FCFA per month, which she plans to use to pay the interest on her loan from Soro, to contribute to her family's expenses and to look after herself as well as her children.
View original language description ↓
Âgée de 50 ans, Madame Aminata Kassongué est mariée et mère de 8 enfants. Elle vit avec son mari et ses enfants dans le quartier Kouloukoro de la ville de Koutiala.
N’ayant pas eu la chance de faire de brillante étude, Aminata s’est très vite intéressée aux activités génératrices de revenus avec l’achat vente de diverses marchandises telle les condiments et la farine de blé.
Elle exerce cette activité depuis plus de 11 ans.
Pour pouvoir combattre les petites ruptures qu’elle subit fréquemment, qui la fait perdre de la clientèle, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso pour la bonne satisfaction de sa clientèle il y a 6 ans.
Après avoir 8 prêts solidaires (prêt du groupe) tous correctement payés, elle est à son 3e prêt individuel dont les deux précédents ont été correctement remboursés.
Elle compte acheter des sacs de farine de blé auprès des grossistes à Koutiala et effectue sa vente au marché Kouloukoro et à son domicile à une clientèle essentiellement féminine, au comptant et à crédit.
Avec le renforcement de son fonds de commerce, elle compte sur un bénéfice moyen de 75.000FCFA par mois qu’elle envisage utiliser pour payer les intérêts du prêt de Soro, participer aux dépenses familiales et s’entretenir elle même ainsi que ses enfants.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 495.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Aminata purchase of wheat flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010