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Fatoumata
Born around 1980 in Ouelessebougou, Fatoumata lives with her four children and her husband in a monogamous family in the N’tentou district of the town of Ouelessebougou.

Since she did not have the good fortune to pursue her studies, Fatoumata quickly became interested in income-earning activities, especially buying and selling clothing coming from Morocco and "wax" African print cloth from Lomé (Togo).

After having correctly reimbursed her first four loans, Fatoumata is on her fifth loan with Soro Yiriwaso. She will use it to buy 100 lengths of "wax" print cloth from wholesalers. She sells retail, for cash or credit, out of her home and in the marketplace of Ouelessebougou and in the big bi-weekly markets nearby (Sido, Sélingué, Keleya and Tièlé) to a clientele composed of men and women.

Fatoumata hopes to make a monthly profit of 40,000 F CFA which will be used to help her husband support their family, to reimburse the loan, and to reinvest in her business.
View original language description ↓
Née vers 1980 à Ouelessebougou, Fatoumata vit avec ses 4 enfants et son époux dans une famille monogame dans le quartier N’tentou de la ville de Ouelessebougou.
N’ayant pas eu la chance d’avancer dans les études, très vite Fatoumata s’est intéressée aux activités génératrices de revenus notamment l’achat vente des habits en provenance du Maroc et des pagnes wax de Lomé (au Togo).
Après avoir correctement remboursé les quatre prêts précédents, Fatoumata est à son cinquième prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 100 pièces de pagnes wax auprès des grossistes. Elle effectue ses ventes au comptant, à crédit et en détail, à domicile, dans le marché de Ouelessebougou et dans les foires environnantes (Sido, Sélingué, Keleya et Tièlé) à une clientèle composée d’hommes et de femmes.
Fatoumata espère réaliser un bénéfice mensuel de 40.000FCFA qui sera utilisé pour aider son mari à subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les activités.

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
  • 24
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fatoumata to buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013