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Korotoumou
Born in around 1970 in Ouelessebougou, Korotoumou lives with her four children and her husband in a polygamous family in the district of Ouelessebougou. Korotoumou did not have the opportunity to go to school, and she quickly got involved in income generating activities along with her elder sister - a general trader. Following several years experience with her sister, Korotoumou chose the same business, that is general trading in articles such as beauty products, food products, head jewelry etc. Having fully repaid the first loan, she is on her second loan with Soro Yiriwaso - which will be used to purchase twenty bags of attiéké (sort of couscous made from sweet potatoes), three boxes of hairbrushes, three boxes of toothpaste and two boxes of clothing dye.
She buys from wholesalers in Bamako, and makes her sales for both cash and credit, on a retail basis door to door, in the market in Ouelessebougou, and in surrounding fairs - to both male and female customers.
Korotoumou hopes to generate a monthly profit of 60,000 FCFA which she will use to help her husband with the family's expenses, to repay the loan, and to invest further in her activities.
View original language description ↓
Née vers 1970 à Ouelessebougou, Korotoumou vit avec ses 4 enfants et son époux dans une famille polygame dans la commune de Ouelessebougou.
Korotoumou n’a pas eu la chance de progresser à l’école, très vite elle s’est intéressée aux activités génératrices de revenus auprès de sa grande sœur qui faisait le commerce d’articles divers. Korotoumou, après des années d’expériences avec cette dernière, opta pour les mêmes activités à savoir le commerce d’articles divers : produits de beauté, produits alimentaires, des parures, etc.
Après avoir correctement remboursé le premier prêt, Korotoumou est à son deuxième prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 20 sacs de attièkè, 3 cartons de broches à dents et pour les cheveux, 3 cartons de pâtes dentifrices et 2 cartons de bleu (pour les habits). Elle s’approvisionne avec les grossistes de Bamako et effectue ses ventes au comptant, à crédit et en détail, à domicile, dans le marché de Ouelessebougou et dans les foires environnantes à une clientèle mixte.
Korotoumou espère réaliser un bénéfice mensuel de 60.000FCFA qui sera utilisé pour aider son mari à subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les activités.

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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Korotoumou to purchase various products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013