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Korotoumou
Korotoumou was born in Niangasso, Sikasso, in 1969. She is married, has two children, and lives with her husband in Hamdallaye, Sikasso. Korotoumou set up her business buying and selling fruit, veg and tubers more than twenty years ago. She sells her produce from her stall in the market and she has a lot of demand from customers owing to the good quality of her goods. In order to satisfy her ever-growing customer base, she decided to join the Soro Yiriwaso microfinance institution approximately one year ago. Having paid back her previous individual loan on time and in full, she is now requesting her second loan which will allow her to increase her working capital and buy half a pick-up truck load of plantains and 10 sacks of potatoes.

Korotoumou buys her produce directly from farmers who come from surrounding villages. She then re-sells the produce at the new Médine fruit and veg market. Most of her customers are itinerant merchants and they come from all over.

With this loan, Korotoumou plans to make a monthly profit of 170,000 francs. She will use this money to increase her working capital, cover family expenses and pay the interest on her loan.
View original language description ↓
Née vers 1969 à Niangasso préfecture de Sikasso, Madame Korotoumou est mariée et mère de deux enfants, elle réside avec son époux à Hamdallaye Sikasso Madame Korotoumou s’est initiée depuis plus de vingt années au domaine du commerce notamment à l’achat vente des fruits légumes et tubercules. Elle vend au nouveau de marché dont elle dispose une place où elle est beaucoup sollicitée de sa clientèle pour la qualité de ses produits. Pour satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso il y a environ une année. Après un prêt individuel bien remboursé, elle est à son deuxième crédit qui lui permettra d’augmenter son fonds de commerce afin d’acheter un demi chargement de pick-up en banane plantain et 10 sacs de pomme de terre.
Ses marchandises sont achetées sur place avec les paysans venus des villages environnants qui sont revendues sur places au marché des fruits et légumes du nouveau marché de Médine à une clientèle composée essentiellement de forains venus de partout.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 170 000 F CFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 152
    View loans »
    Mali Loans Fundraising
  • $11,246,625
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Korotoumou to buy plantains and potatoes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013