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Assetou
Born in Sikasso and now 33 years old, Assetou is married and a mother of four, three boys and a girl. She lives with her husband and their children in the Attbougou public housing of Sikasso, in one of the popular district of Sikasso (located in Mali's third administrative region).
Since Mrs. Assetou did not have the opportunity to advance in her studies, she very rapidly familiarized herself with the trade of various items and has had for about twelve years a shop in the front of her house. There she buys and sells cigarettes, candy, matches, chewing-gum, powdered milk, tea, sugar, etc. She is very much in demand thanks to the quality of her products.
To meet demand from a growing number of customers, she decided to join micro-finance organization Soro Yiriwaso a few months ago. She thus is on her first loan, which will allow her to increase her working capital in order to better satisfy her customers.
With this first loan, she is planning on buying two cartons of cigarettes from different brands, five cartons of chewing-gum, two cartons of powdered milk (in pouches), five large packs of tea, one bag of sugar, ten cartons of candy, twenty packs of matches and a few egg cartons. She purchases her merchandise form local wholesalers before retailing it for cash or credit to a clientele composed of neighbors, and mostly of young people.
With this first loan, she is planning on a monthly profit of 100,000 FCFA, which will mainly be used to contribute to the expenses of the family and to pay her loan's interests, with the remainder to be reinvested in the business.
View original language description ↓
Née à Sikasso et âgée aujourd’hui de 33 ans, Assetou est mariée et mère de quatre enfants dont 3 garçons et 1 fille, elle réside avec son époux et leurs enfants aux logements sociaux ATTBOUGOU de Sikasso, un des quartiers populaires de la ville de Sikasso ( troisième région administrative de la république du Mali).
Madame Assetou n’ayant pas la chance d’avancer dans les études, elle s’est très vite initiée aux activités de commerce d’articles divers dont elle dispose une boutique devant le domicile conjugal où elle mène ses activités d’achat et de vente de Cigarettes, bonbons, allumettes, Chewing-gum, lait en poudre, thé, sucre, etc il y a environ douze ans. Elle est beaucoup sollicitée de sa clientèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso il y a quelque mois. Ainsi, elle est à son un premier qui lui permettra d’augmenter son fonds de commerce afin de mieux satisfaire sa clientèle.
Elle compte acheter avec ce premier prêt, 2 cartouches de Cigarettes différentes, 5 paquets de Chewing-gum, 2 cartons de lait en poudre (en sachets), 5 gros paquets du thé, 1 sac du sucre, 10 paquets de bonbons, 20 paquets d’allumettes et quelques alvéoles d’œufs . Elle achète ses marchandises chez les commerçants grossistes de place avant de les revendre en détail au comptant et à crédit à une clientèle composée de voisins et surtout des jeunes..
Elle envisage réaliser avec ce premier crédit un bénéfice mensuel de 100 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans 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
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 456.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Assetou to buy miscellaneous grocery items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012