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Minata
Minata is a 56-year old widow. She lives with her four children and her deceased husband's large family in the district of Kaboïla II, at the center of Sikasso. After having attempted several different business ideas with little success, Minata discovered the restaurant business, where she has been working for about six years. She maintains her restaurant in front of a school. Every day, her customers (consisting of students and teachers) line up for her quality meals.

In order to satisfy her constantly growing customer base, Minata decided to join the microfinance institution Soro Yiriwaso. She has now been a member of the organization for over a year. With two personal loans fully repaid, she is currently seeking a loan to buy 10 bags of potatoes, 45 kilograms of beef, 60 kilograms of fresh fish, 15 liters of cooking oil, five packs of Maggi (bouillon flavoring cubes), five bottles of vinegar, 30 packets of attiéké (local dish prepared from fermented, dried cassava pulp), four sacks of charcoal, 50 loaves of bread, and plantains for making aloko (thinly sliced, deep-fried plantains).

Minata hopes to make a monthly income of 190,000 FCFA. She will use her income primarily to contribute to family expenses, and to pay the interest on her loan. She plans to use the remainder to re-invest in her business.
View original language description ↓
Minata est une veuve de 56 ans et vivant avec ses 4 enfants dans la grande famille de son défunt mari à Kaboïla II, le centre ville de Sikasso.
Minata après avoir mené beaucoup d’activité sans succès, elle s’est initié à cette activité de restauration il y’a environ six ans. Elle mène son activité devant une école tous les jours où elle est beaucoup sollicitée de sa clientèle composée d’ élèves et de professeurs pour la qualité de ses plats.
Afin de satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis plus d’un an. Après deux prêt individuel bien remboursés, elle sollicite nouveau prêt individuel pour acheter 10 sacs de pomme de terre, 45kg de viande de bœuf, 60kg de poissons frais, 15 litres d’huile alimentaire, 5 paquets de maggie, 5 bidons de vinaigre, 30 sachets d’Attièkè, 4 sacs de charbon de bois, 50 miches de pain et des bananes (Aloko).
Elle envisage réaliser un bénéfice mensuel de 190 000 FCFA qui sera utilisé essentiellement pour contribuer aux dépenses familiales, payer les intérêts de son prêt et investir le reste dans son activité.

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
  • 142
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 506.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Minata to purchase ingredients for her restaurant business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013