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Fatogoma
Fatogoma was born around 1980 in Kadiolo, Kadiolo Circle. The father of 5 children, he lives in a traditional family setting in Noumousso, Kadiolo (3rd administrative region of the Republic of Mali). For almost five year now, he has owned a hardware store. This rich experience in his line of work has earned him a good reputation and he gets many orders. In order to satisfy his customers, he has been working with the Soro Yiriwaso microfinance institution for 2 years. The previous loans have been properly repaid.

This loan will enable him to buy hardware items; boxes of bulbs, interrupters, paint and rolls of electric wire. He gets his supplies in Bamako, the capital of Mali. He resells them for cash in his Kadiolo shop to a retail clientèle made up of men and women. With the help of this loan, he expects to make an average monthly profit of 150 000 francs. This profit will allow him to make the interest payments on his loan and will cover most of his expenditures, and the rest will be reinvested in his business. He plans to become a wholesaler so that he can serve his clientèle, which grows each day.
Monsieur FATOGOMA est né vers 1980 à KADIOLO cercle de KADIOLO. Père de 5 enfants il vit dans une famille traditionnelle à Noumousso - KADIOLO (troisième région administrtive de la république du Mali).
Depuis maintenant près de 5 ans, il possède sa boutique de vente d'articles de quincaillerie. Cette riche expérience dans le domaine, lui a valu une bonne réputation et il reçoit beaucoup de commandes .Afin de satisfaire sa clientèle, il collabore avec l’Institution de Micro finance Soro Yiriwaso depuis 2 ans. Les prêts antérieurs ont été bien remboursés.
Ce prêt lui permettra d’acheter, des matériels de quincaillerie: des cartons d’ampoules, d'interrupteurs, de peintures et des rouleaux de fil électriques. Il s’approvisionne à Bamako capitale du Mali. Il les revend au comptant et en détail dans sa boutique à Kadiolo à une clientèle composée d’hommes et de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 150 000 FCFA. Ce bénéfice lui permettra de payer les intérêts de son prêt de résoudre l’essentielle de ses dépenses et investir le reste dans son activité.
Il compte devenir un grossiste pour servir sa clientèle qui ne cesse d’augmenter de jour en jour.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 502.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fatogoma to buy hardware items.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013