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Fatoumata
Fatoumata is 41 years of age, married, and a mother to six children. She lives in her family home with her husband and children in Pelengana.

She did not go to school for social reasons, and began working alongside her mother who sold seasoning. After several years learning with her mother, she started working alone, selling clothing. She has worked in this business for 12 years.

To increase her working capital, in light of her dual concern to meet customer demand and strengthen her business, Fatoumata has sought assistance from Soro Yiriwaso. She has collaborated with the institution for 24 months and, after two individual loans which were correctly repaid, she has asked for a third. She plans to use this loan to buy 10 pieces of high-grade traditional wrap-around cloth, and four pieces of less detailed damask. She gets her supplies in the area where she works in Ségou.

Fatoumata sells on a cash and retail basis to a customer base mainly comprising women. With this loan she hopes to make a monthly profit of 100,000 francs CFA, which will help her to meet the household expenses and pay her savings group.
View original language description ↓
Madame Fatoumata est âgée de 41 ans, mariée et mère de 6 enfants, elle vit dans une famille nucléaire avec son mari et ses enfants à Pelengana.
N’ayant fréquenté l’école pour des raisons sociales, elle débuta les activités à côté de sa mère qui vendait des condiments, après plusieurs années d’apprentissage auprès de cette dernières, elle évolua seule en optant pour le commerce d’habits. Elle mène cette activité depuis 12 ans.
Pour augmenter son fonds dans le double souci de faire face à la demande clientèle et de renforcer son commerce, elle a fait recours à Soro Yiriwaso, avec qui elle est en relation depuis 24 mois. Après 2 prêts individuels correctement bien remboursés, elle est à son 3ème prêt individuel qu’elle compte utiliser pour acheter 10 pièces de pagnes wax et 4 pièces de bazins moins riches elle s’approvisionne sur place à Ségou.
Madame Fatoumata vend au comptant et à crédit à une clientèle composée essentiellement de femmes. Avec ce prêt elle compte réaliser un bénéfice mensuel de 100 000FCFA, ce dernier lui servira de prendre en charge les dépenses familiales et de payer ses tontines.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,309,100
    Funds lent in using Kiva
  • 524.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Fatoumata to buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013