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Fatimata
Born around 1961, FATIMA is a widow and the mother of seven children. She lives with her children in the city of Koutiala.

Not having had the chance to attend school, Fatima has been involved for several years in sales of various items such as bed linens, blankets, pearl necklaces, etc.

In order to address the shortages which cause her to lose customers, she decided to join Soro Yiriwaso more than 6 years ago in order to satisfy her customers’ demand. After having taken out group loans which were all properly repaid, she is on her fourth individual loan, the preceding three having been repaid.
She plans to buy a dozen sheets and ten blankets with this loan. She gets her supplies in Koutiala from wholesalers and makes her sales at the main market and on foot to a mixed clientele, for cash. With this increase in her working capital, she plans to make an average profit of 60,000 FCFA per month, which she will use to pay the interest on her loan and to contribute to family expenses, and will invest the rest in her business.
View original language description ↓
Née vers 1961, FATIMATA est une veuve et mère de 7 enfants qui vit avec ses enfants dans la ville de Koutiala.
N’ayant pas eu la chance de fréquenter l’école, FATIMATA s’est basée depuis quelques années sur le commerce de diverses marchandises notamment : les draps de lit, les couvertures, les colliers en perles, etc.
Pour pouvoir remédier aux petites ruptures qu’elle subit et qui la fait perdre des clients, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso pour la bonne satisfaction de sa clientèle il y’a plus de 6 ans. Après avoir pris des prêts en solidaire ( prêt du groupe ) qui ont été tous correctement remboursés, elle est à son 4ème prêt individuel et tous les trois précédents ont été bien remboursés.
Elle compte acheter, une douzaine de draps et 10 couvertures avec ce prêt. Elle s’approvisionne à Koutiala auprès des grossistes et effectue sa vente au grand marché et en ambulant à une clientèle mixte au comptant. Avec le renforcement de son fonds de commerce, elle compte sur un bénéfice moyen de 60.000FCFA par mois, qu’elle utilisera pour payer les intérêts de son prêt, participer aux dépenses familiales 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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 492.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Fatimata to buy various items such as bed linens, blankets, and pearl necklaces.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 22, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013