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Fatoumata
Madame Fatoumata is 27 years old, married, and the mother of three children. She lives in a traditional family in Missira, in Ségou town. As she did not go to school, she started as a retailer at a very young age, selling "pagnes" (African cloth) with her sister, who sold shoes and clothes. After learning the business from her sister for several years, Fatoumata began selling on her own. In addition to this business which she has had for 15 years and benefits from a lot of experience, she diversified her business by starting to buy and sell fish. Fish is highly prized in malian cooking and very well-liked.

In order to meet customer demand and to increase profits, Fatoumata is asking for a new loan. She has been working with Soro Yiriwaso for 24 months, with two fully repaid individual loans. This is her third individual loan which will be used to buy 1000 kg of fish powder. She obtains her supplies in Mopti.
Madame Fatoumata sells for cash and on credit, on a retail basis, to customers who are mostly women.

With this loan, she expects to make a monthly profit of 120,000 CFA francs. With this profit she will be able to repay the loan, and carry out other income-producing activities such as fattening animals. Her goal is to build a house.
View original language description ↓
Madame Fatoumata est âgée de 27 ans, mariée et mère de 3 enfants. Elle vit dans une famille traditionnelle à Missira, Ségou ville.
N’ayant pas fréquenté l’école, très tôt elle embrassa le commerce de pagnes auprès de sa grande sœur qui vendait des habits et chaussures à Ségou. Après plusieurs années d’apprentissage à ses côtés, elle commença à évoluer seule pour faire la même activité. En plus de cette activité qu'elle mène depuis maintenant 15 ans et dans laquelle, elle jouit d’une grande expérience, elle a diversifié son activité en y ajoutant les activités d'achat vente de poissons. Le poisson est très prisé dans l'alimentation malienne et est très apprécié.
Dans le souci de faire face à la demande clientèle et de faire plus de bénéfice, elle sollicite ce nouveau prêt. Elle est en relation avec Soro Yiriwaso depuis 24 mois, après 2 prêts individuels tous bien remboursés. Elle est à son 3ème prêt individuel qui sera utilisé pour acheter, 1000kg de poudre de poissons. Elle s’approvisionne à Mopti.
Madame Fatoumata vend au comptant, en détail et à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt elle envisage de réaliser un bénéfice mensuel de 120 000FCFA. Ce bénéfice lui permettra de rembourser son prêt, de mener autres activités génératrices de revenus telle l’embouche.
Son ambition est de construire une maison.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Fatoumata to buy fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013