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Fatoumata
Fatoumata is a 53 year old widow and the mother of three children. She lives with her children in the Hamdallaye district of Koutiala prefecture. Not having had the opportunity to attend school, she quickly became interested in selling various merchandise, finally deciding to make Sounbala (a condiment) from néré nuts. She has operated this business for more than 30 years. She gets sizable orders from her clients inside and outside the country. Seven years ago, she decided to join the Soro Yiriwaso microfinance institution in order to overcome breakdowns (in supplies) that she encountered, and thereby to keep her clients satisfied. After eight solidarity (group) loans, all of which have been fully repaid, she is on her eighth individual loan and the seven preceding loans have been fully repaid.

She intends to buy 10 bags of néré nuts with this loan. She gets her supplies at the Koutiala Grand Market and sells her goods in Bamako (capital of Mali) and outside the country to a clientele composed of men and women in cash and by credit. With her working capital bolstered, she estimates that she will earn an average profit of 150,000 CFA per month that she plans to use to pay the interest on the Soro loan and to support her family, as she is a widow. Very courageous and motivated, she always depends on the Soro financing to build her business.
View original language description ↓
Madame Fatoumata est âgée de 53 ans, veuve et mère de 3 enfants, elle vit avec ses enfants dans le quartier Hamdallaye de la préfecture de Koutiala.
N’ayant pas eu la chance de faire des études, elle s’est vite intéressée au commerce de diverses marchandises et finalement à la transformation du noix de néré en Sounbala. Elle exerce cette activité depuis plus de 30 ans. Elle reçoit d’importantes commandes à travers ses clients à l’intérieur et à l’extérieur du pays.
Pour pouvoir combattre les petits ruptures qu’elle subit, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso pour la bonne satisfaction de sa clientèle il y a 7 ans. Après 8 prêts solidaires (prêt du groupe) tous correctement payés, elle est à son 8ème prêt individuel et les sept précédents ont été bien payés.
Elle compte acheter, 10 sacs de noix de néré avec ce prêt, elle s’approvisionne au grand marché de Koutiala et effectue sa vente à Bamako (capitale Mali) et à l’extérieur du pays à une clientèle composée de femmes et hommes au comptant à crédit. Avec le renforcement de son fonds de commerce, elle compte sur un bénéfice moyen de 150.000FCFA par mois qu’elle envisage d’utiliser pour payer les intérêts du prêt de Soro, prendre en charge sa famille comme elle est veuve. Très courageuse et motivée, Mme compte toujours sur les financements de Soro pour l’agrandissement de son activité.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 463.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Fatoumata to buy néré nuts for making Sounbala.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
May 27, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012