Check out some available loans that are similar to this one!
Aramatou
Mrs. Aramatou, age 36, is married and the mother of four children. She lives in a polygamous family in Koutiala, a city in Sikasso Region, with her husband, his co-spouse, and their children.

Not having had the chance to attend school, she didn't take long to start working with her mother at a very young age. After having tried several businesses without success, she turned to selling fabrics and various other items (shoes, jewelry, etc).

She's been running this business for twelve years, and is now very well-known since she sells large amounts every month.

To satisfy her customers both quantity- and quality-wise, she decided three years ago to seek help from Kiva's partner, the MFI Soro Yiriwaso.

After six solidarity loans (group loans), all repaid without problems, she's seeking her third personal loan. The previous two were repaid without problems.

With this loan, she intends to buy ten pieces of "Wax" fabric and pairs of shoes. She gets her supplies in Bamako and in Bobo (Burkina Faso), and retails in Koutiala, for cash and on credit, to a clientele comprising both women and men.

She intends to turn an average monthly profit of XOF 70'000 (ca US$ 140), to be used to repay Soro Yiriwaso's loan and its interests, and to help with the family daily expenses. The remainder will be reinvested in her business.
View original language description ↓
Mariée mère de 4 enfants Madame Aramatou est âgée de 36 ans et vit dans une famille polygame dans la ville de Koutiala (région de Sikasso) avec son mari, sa coépouse et leurs enfants.
N’ ayant pas eu la chance de fréquenter l’école, Aramatou n’a pas pris du temps pour embrasser le commerce depuis à bas âge, auprès de sa maman.
Après avoir mené plusieurs activités sans réussite, elle finit par s’orienter vers la vente des tissus et articles divers (chaussures, parures etc) depuis 12 ans. Sa notoriété est bonne car elle vend une grande quantité de marchandises dans le mois.
Pour la bonne satisfaction de sa clientèle en quantité et en qualité, elle décida de faire recours à l’institution de microfinance Soro Yiriwaso il y a 3 ans. Après 6 prêts solidaires (prêt de groupe) tous payés correctement, elle est à son 3 eme prêt individuel dont les deux précédents ont été bien remboursé.
Avec ce financement elle compte acheter, 10 pièces de tissus wax et des paires de chaussures.
Elle s’approvisionne à Bamako et à Bobo (Burkina Faso) et effectue sa vente dans la ville de Koutiala à une clientèle composée de femmes et d’hommes, au comptant et à crédit.
Elle compte réaliser un bénéfice mensuel de 70.000 FCFA qu’elle envisage utiliser pour le remboursement des taux intérêts de Soro, participer aux dépenses quotidiennes de la famille 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
  • 25
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 504.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Aramatou to buy 10 pieces of "Wax" fabric and pairs of shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2011
Listed
Dec 20, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013