Check out some available loans that are similar to this one!
Salimata
Salimata is a 38-year-old married mother of six children. She lives in her husband's polygamous household in the city of Koutiala (in the Sikasso region).
She did not have the chance to attend school, which is why she became involved in income-generating activities with her mother from an early age. After having run several activities, she decided on running a catering business several years ago. A very enterprising woman, she is very well known in her area, and her reputation is good, since she receives many customers each day. To satisfy her clientele and expand the size of her business, she decided to join the microfinance institution Soro Yiriwaso over five years ago. She is on her sixth individual loan. With this financial support, Salimata intends to buy bags of beans, rice, and oil to stock in order to make fritters. She gets her supplies from the merchants at the grand market in Koutiala and makes her food sales in cash in front of her house in Koutiala to a diverse clientele. She hopes to realize an average profit of 50,000 FCFA per month, which will be used to pay the interest on her loan and invest in her business.
Salimata est mariée, âgée de 38 ans et mère de 6 enfants. Elle vit dans une famille polygame chez son mari dans la ville de Koutiala ( région de Sikasso ).
Elle n’a pas eu la chance de faire les études, raisons pour laquelle elle a embrassé les activités génératrices de revenus depuis son jeune âge auprès de sa maman. Après avoir mené plusieurs activités, elle opta pour la restauration depuis des années. Très entreprenante, elle est très bien connue dans le secteur, dont sa notoriété est bonne, car elle reçoit beaucoup de clients par jour. Pour satisfaire sa clientèle et augmenter la taille de son activité, elle décida de rejoindre l ‘institution de microfinance Soro Yiriwaso il y a plus de 5 ans. Elle est à son 6ème prêt individuel. Avec ce financement, Salimata compte acheter des sacs de haricot, de riz et de l’huile pour les stockés afin de faire ses beignets. Elle s’approvisionne auprès des commerçants du grand marché de Koutiala et effectue sa vente d’aliments devant sa maison à Koutiala, à une clientèle mixte au comptant. Elle espère réaliser un bénéfice moyen de 50.000FCFA par mois qui sera utilisé pour payer les intérêts de son prêt et investir le reste dans son activités génératrices de revenus.

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
  • 28
    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 Salimata to buy bags of beans, rice, and cooking oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 11, 2013
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014