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Fatoumata Sidi
Mrs. FATOUMATA SIDI is 41 years old, married, and the mother of six children. She lives in a nuclear family in the Hamdallaye B district of Ségou.
She did not attend school because her parents saw schooling for girls as socially immoral. Early on, she earned money by doing work such as selling smoked fish alongside her older brother. With several years of experience, she is managing, on her own, sales of smoked fish, ice cream, fruit juices, fresh fish, and empty barrels. She has been conducting this business of selling various articles for 15 years and enjoys considerable success and a large clientele.

In the hopes of increasing her working capital and making better profits, she is requesting this new loan. She has been working with Soro Yiriwaso for 12 months. With her first loan having been fully repaid, she is on her second individual loan which she plans to use to buy a freezer for the fruit juices. She gets her supplies locally.

Madame Fatoumata Sidi sells for cash, at retail, and on credit to a mixed clientele. With this loan she plans to make an average monthly benefit of 45,000 FCFA. This loan will allow her to pay back her loans and to take care of her 93 year old mother.
View original language description ↓
Madame FATOUMATA SIDI est âgée de 41 ans, mariée et mère de 6 enfants. Elle vit dans une famille nucléaire au quartier Hamdallaye B de Ségou.
N’ayant pas fréquenté l’école pour des raisons sociales car ses parents voyaient l’école pour les filles comme une porte de déperdition sociale, très tôt. elle commença à faire les activités génératrices de revenus telle la vente de poisson fumé auprès de son grand frère. Après plusieurs années d’exercices, elle évolua seule maintenant en menant en plus de la vente de poisson fumé, de la glace et des jus de fruits, des poissons frais et la vente de barriques vides. Elle mène cette activité d’articles divers depuis 15 ans et 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 en relation avec Soro Yiriwaso depuis 12 mois après 1er prêt individuel correctement bien remboursé, elle est à son 2ème prêt individuel qu’elle compte utiliser pour acheter 1 congélateur pour des jus de fruits. Elle s’approvisionne sur place.
Madame FATOUMATA SIDI vend au comptant, en détail et à crédit à une clientèle mixte. Avec ce prêt elle envisage de réaliser un bénéfice mensuel de 45 000FCFA. Ce bénéfice lui permettra de rembourser ses prêts ; de prendre en charge sa maman vieille de 93 ans.

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
  • 27
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 515.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Fatoumata Sidi to buy a freezer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013