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Fatoumata
Ms. Fatoumata is 65 years old, married, and the mother of seven children. She lives with her husband and children in the Bagadadji district of Ségou. Not having attended school due to her parents' societal reasons, she started working in revenue-generating businesses by herself, such as in selling condiments, grains, and clothing. She finally decided to specialize in selling rice, which she has been doing for 25 years now.

With the goal of increasing her working capital to cope with customer demands, she turned toward the microfinance institution Soro Yiriwaso, with which she has been associated for twelve months. After an individual loan, completely repaid, she is now on her second individual loan, which she will use to buy 5 sacks of rice. She gets her supplies from Niono in the rice-growing area of the "Office di Niger".

Ms. Fatoumata accepts cash or credit from a customer base composed of men and women. She envisions making a monthly profit of 125,000 francs CFA. This will enable her to cover family expenses and to make her business sustainable.
View original language description ↓
Madame Fatoumata est âgée de 65 ans, mariée et mère de 7 enfants. Elle vit son mari avec ses enfants dans le quartier Bagadadji de Ségou.
N’ayant fréquenté l’école pour des raisons sociales des parents, elle commença seule à faire les activités génératrices de revenus telles la vente de condiments, de céréales et d’habits. Finalement elle décide de se spécialiser dans la vente du riz, qu’elle mène depuis maintenant 25 ans. Dans le but d’augmenter son fonds de commerce pour faire face à la demande clientèle, elle a fait recours à Soro Yiriwaso avec qui elle est en relation depuis 12 mois. Après prêt individuel bien remboursé, elle est à son 2ème prêt individuel qu’elle utilisera pour acheter, 5 sacs de riz, elle s’approvisionne à Niono dans la zone rizicole de l’office di Niger.
Madame Fatoumata vend au comptant et à crédit à une clientèle composée d’hommes et de femmes. Elle envisage réaliser un bénéfice mensuel 125 000 FCFA, ce dernier lui permet de prendre en charge les dépenses familiales et de pérenniser son commerce.

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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 541.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Fatoumata to buy rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013