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Fatoumata
Mrs. Fatoumata C. is 44 years old, married and the mother of 3 children. She lives with her husband in a traditional extended family in the Darsalam district in Segou (the 4th administrative district of Mali).

Fatoumata has left school after the 8th grade (Mali’s educational system) in order to join her mother in the business of selling clothing and kitchen utensils. After several years of apprenticeship, once she got married, she launched her own business in the same line as her mother.

She has been in business for 26 years and is well-known and respected. Her strength is in high quality of her products.

In order to bolster her business capital and increase her income, she has turned to Soroo Yiriwaso. She has been collaborating with Soro Yiriwaso for five years and had 8 solidarity loans and two individual loans, all properly repaid.

She is now on her 3rd individual loan which she plans to sue to purchase 1 bale of wax “pagnes” [traditional colorful fabric] and 50 plastic and aluminum bathtubs. She stocks up in Burkina Faso. Mrs. Fatoumata C. sells for cash and on credit to a customer base composed of both women and men.

With this loan, she anticipates achieving a monthly benefit of 30,000 West African francs. This income will allow her to take part in community events. Her goal is to build a house to live in.
View original language description ↓
Madame Fatoumata C. est âgée de 44 ans, mariée et mère de 3 enfants. Elle vit chez son mari dans une grande famille traditionnelle au quartier Darsalam de Ségou (quatrième région administrative de la république du Mali).
Fatoumata a abandonné l’école en classe de 8ème année fondamentale (système éducatif Malien) pour faire le commerce auprès de sa mère qui vendait des habits et ustensiles de cuisine. Après plusieurs années d’apprentissage, à son mariage, elle commence à évoluer seule pour mener le même commerce que sa mère.
Elle mène son activité depuis 26 ans et jouit d’une grande réputation et notoriété. Sa force de vente est due à la qualité de ses articles.
Dans le dessein d’augmenter son fonds de commerce, afin de réaliser plus de bénéfice, elle a fait recours à Soro Yiriwaso. Elle est en relation avec cette dernière depuis 5 ans, après 8 prêts solidaires et 2 prêts individuels, tous correctement remboursés.
Elle est à son 3ème prêt individuel qu’elle compte utiliser pour acheter, 1 balle de pagnes wax et 50 baignoires en plastiques et aluminium . Elle s’approvisionne au Burkina Faso.
Madame Fatoumata C. vend au comptant et à crédit à une clientèle composée de femmes et d’hommes.
Avec ce prêt, elle envisage réaliser un bénéfice mensuel de 30.000FCFA. Ce bénéfice lui permet de participer aux événements sociaux.
Son ambition est de construire une maison à usage d’habitation.

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
  • 18
    View loans »
    Mali Loans Fundraising
  • $10,726,175
    Funds lent in using Kiva
  • 512.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Fatoumata purchasing clothing and kitchen utensils.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011