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Fatoumata
Born in June 1976 in Sikasso, Fatoumata is a widowed mother of two children living at her uncle's house with one of her children in Bougoula Ville, in downtown Sikasso.
Fatoumata has run a business buying and selling condiments for about five years at the grand market in Sikasso, where she has a stall.
With the goal of better satisfying her increasingly growing clientele, she decided to join the microfinance institution Soro Yiriwaso, with whom she is on her third individual loan. The previous loans were repaid properly.
This third loan will allow her to augment her stock of condiments with ten boxes of Maggi cubes, ten boxes of tomato concentrate, seven bags of onions, and ten boxes of mustard. She gets her supplies from the wholesalers in Sikasso and makes her sales at retail, in cash and on credit, to a clientele comprising men and women.
With this loan, she foresees realizing a monthly profit of 75,000 FCFA, which will be used to contribute to the household expenses, pay the interest on her loan, and reinvest in her business.
Née en Juin 1976 à Sikasso, Fatoumata est une veuve et mère de deux enfants qui vit chez son oncle avec un de ses enfants à Bougoula-Ville, le centre ville de Sikasso.
Fatoumata mène une activité d’achat et de vente de condiments il y’a environ cinq années au grand marché de Sikasso où elle dispose d’une place.
Dans le souci de mieux satisfaire sa clientèle qui ne cessait d’accroitre, elle décida d’adhérer à l’institution de microfinance Soro Yiriwaso avec qui elle est est à son troisième prêt individuel et les prêts précédents ont été correctement remboursés.
Ce troisième prêt lui permettra d’augmenter son stock de condiments avec 10 cartons de cube maggie, 10 cartons concentrée de tomate, 5 sacs d’oignons, 10 cartons de moutarde, 2 sacs d’oignons. Elle s’approvisionne auprès des grossistes de Sikasso et effectue ses ventes au comptant en détail et à crédit à une clientèle composée d’hommes de femmes.
Avec ce prêt, elle envisage réaliser un bénéfice mensuel de 75 000 FCFA qui sera utiliser 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
  • 27
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 490.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Fatoumata to buy condiments.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013