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Fatoumata
Born around 1965, Fatoumata lives with her six children and her husband in an extended traditional family in the rural community of Ouelessebougou.

Fatoumata became interested in income-generating activities at an early age, working with her aunt who sold a bit of this and that. After her years of experience with her aunt, Fatoumata decided to sell cereals: peanuts, "niébé" (cowpeas) , millet, "fonio" (a kind of millet), maize, hibiscus flowers, etc.

After having correctly reimbursed her three preceding loans, Fatoumata is on her fourth loan with Soro Yiriwaso. She will use it to buy 100 sacks of millet from the farmers who produce it (in Diako, Tiélé and Bancouman) and on rare occasions from local wholesalers. She sells her merchandise retail, for cash or credit, at the marketplace of Ouelessebougou and at the big bi-weekly fairs in the area, to a clientele composed essentially of consumers.

Fatoumata hopes to make a monthly profit of 40,000 F CFA which she will use to help her husband support the family, to reimburse the loan, and to reinvest in the business.
View original language description ↓
Née vers 1965, Fatoumata vit avec ses 6 enfants et son époux dans une famille traditionnelle élargie dans la commune rurale de Ouelessebougou.
Fatoumata s’est vite intéressée aux activités génératrices de revenus auprès de sa tante qui faisait le commerce d’articles divers. Fatoumata, après des années d’expériences avec cette dernière, opta pour l’achat vente de céréales : arachide, niébé, mil, fonio, maïs, dah etc.
Après avoir correctement remboursé les trois prêts précédents, Fatoumata est à son quatrième prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 100 sacs de mil, auprès des paysans producteurs (à Diako, Tiélé et Bancouman) et quelques rare fois avec les grossistes de la place. Elle effectue ses ventes au comptant, à crédit et en détail, à domicile, dans le marché de Ouelessebougou et dans les foires environnantes à une clientèle composée essentiellement de consommateurs.
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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Fatoumata to buy cereals.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013