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Korotoumou is 53 years old, married, and the mother of three children. She lives in a traditional family in a neighborhood of Segou called Hamdallaye A.

For social reasons, Korotoumou never attended school (her parents believed that sending girls to school was a waste for society), so she got involved in income-generating activities very early in life and started helping her mother who was selling clothes.

Korotoumou spent several years learning her trade from her mother. Then she started to sell various goods, before finally getting into buying and selling colorful printed fabrics and traditionally woven cloths. She has been involved in this activity for the past 23 years. She is very experienced in her field and has many customers.

Eager to boost her business and to increase her profits, she is requesting this new loan. She has already duly repaid a first individual loan and this is her second individual loan. With this new loan, she is planning to buy 25 sets of colorful wax fabrics. She buys her merchandise in Bamako and sells for cash to a customer base which mostly consists of women.

Thanks to this loan, Korotoumou is expecting monthly profits to reach 100,000 CFA francs. These profits will allow her to reimburse her loan, and to help her husband support the family.
View original language description ↓
KOROTOUMOU est âgée de 53 ans, mariée et mère de 3 enfants. Elle vit dans une famille traditionnelle au quartier Hamdallaye A de Ségou.
N’ayant pas fréquentée l’école pour des raisons sociales, (ses parents voyaient l’école comme une source de déperdition sociale pour les filles), très tôt elle commença les activités génératrices de revenus auprès de sa mère qui vendait des habits.
Après plusieurs années d’apprentissage à ses côtés, elle commença à faire le commerce d’articles divers, mais opta finalement pour les activités d’achat et de vente de pagnes imprimés et tissés traditionnellement depuis 23 ans. Elle jouit d’une grande expérience et clientèle.
Dans le souci d’augmenter son fonds de commerce et de faire plus de bénéfice, elle sollicite ce nouveau prêt. Elle est à son 2ème prêt individuel, après 1 prêt individuel correctement remboursé. Elle compte utiliser ce prêt pour acheter 25 pièces de pagnes wax. Elle s’approvisionne à Bamako et effectue ses ventes au comptant à une clientèle généralement féminine. Avec ce prêt elle envisage réaliser un bénéfice mensuel de 100 000FCFA. Ce bénéfice lui permettra de rembourser son prêt et d’aider son mari à subvenir aux besoins de la famille.

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

  • $1,100
    Average annual income
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,524,125
    Funds lent in using Kiva
  • 508.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD