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Fatoumata
Mrs. Fatoumata Diakité is 49 years old, married and the mother of four. She lives in a traditional family in the Sokala district in the town of Ségou (the fourth administrative district of Mali). In addition to being an administrative secretary, she is also a merchant. She has learned this trade very early on from her parents who were merchants as well. She has started her business by selling cereals, and later also various other items imported from Burkina Faso. Back then, she was an intermediary in the selling chain; she would purchase goods from wholesaler and sell them to her customers, mostly her co-workers. After she lost her job, in order to avoid being idle, she continued with her business, concentrating on it more fully.

In order to be able to better meet customer demand, especially in view of approaching holidays: Tabaski (Eid), Christmas and New Year’s Eve, she decided to continue collaboration with Soro Yiriwaso and request another loan. She has been with Soro Yiriwaso for 42 months. She already had three solidarity loans and two individual loans, all duly repaid. She is now on her third individual loan, which she plans to use for purchasing four boxes of perfumes and 15 shirts. She stocks up in Burkina Faso and sells for cash and on credit to a customer base composed of both men and women. She plans to achieve a monthly income of 40,000 West African Francs, which will allow her to repay her loan and help her husband. Her goal is to expand her business further.
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Madame Fatoumata Diakité est âgée de 49 ans, mariée et mère de 4 enfants, elle vit dans une famille traditionnelle au quartier Sokala de la ville de Ségou (quatrième région administrative de la république du Mali).
Secrétaire de Direction, parallèlement à cette profession, elle mène des activités commerciales. Elle a appris le commerce dès son jeune âge, auprès de ses parents qui étaient des commerçants. Fatoumata commença son activité par le commerce de céréales, par la suite la vente d’articles divers importés du Burkina Faso. En cette époque, elle était intermédiaire dans le circuit de la vente, elle prenait chez les grossistes pour les placer auprès de ses clients qui étaient généralement des collègues de services.
Après son licenciement, pour ne pas rester inactive, elle continua mais en intensifiant la même activité.
Dans le but de satisfaire sa demande clientèle surtout pour les fêtes qui s’approchent (Tabaski, Noël et le Réveillon), elle décide de continuer avec Soro Yiriwaso en demandant un nouveau prêt. Elle est en relation avec Soro Yiriwaso depuis 42 mois, il a déjà eu 3 prêts solidaires et 2 prêts individuels tous bien remboursés.
Elle est à son 3ème prêt individuel qu’elle compte utiliser pour acheter, 4 cartons de parfums et 15 chemises. Elle s’approvisionne au Burkina Faso et
Effectue sa vente au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice mensuel de 40 000 FCFA, qui lui permettra de rembourser son prêt et à aider son mari. Son ambition est de développer son commerce.

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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 481.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Fatoumata purchasing various items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2010
Listed
Nov 13, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011