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Assetou
Assetou is 38 years old, married, and has seven children. She lives with her children at her husband's home in the Sido Sonincoura area of Ségou (the fourth administrative region of the Republic of Mali).
Having ended her studies at the 7th basic year (in the Malian education system) to get married, Assetou began dyeing and selling damask and headscarves with effigies of the names of saints in Arabic with her mother, who was very well-known in this field. After several years of training at her mother's side, Assetou continued by herself in this business after her mother's death. The strength of her sales is due to her creative genius; she is able to not only to write the text of the Koran in calligraphy on the headscarves but also to add people's photos.
With the goal of expanding her business to meet her clientele's demands, she turned to Soro Yiriwaso and is on her first individual loan.
She intends to use this loan to buy eight sets of light damask. She gets her supplies in Bamako and makes her sales in cash to a clientele composed mainly of women. She foresees realizing a monthly profit of 90,000 FCFA, which will allow her to take care of the household expenses and make her business more durable. Her ambition is to open a ready-to-wear clothing shop.
Assetou est âgée de 38 ans, mariée et mère de 7 enfants. Elle vit son mari avec ses enfants au quartier Sido Sonincoura de Ségou (quatrième région administrative de la république du Mali).
Ayant abandonnée les études en classe de 7ème année fondamentale (système éducatif Malien) pour se marier, Assetou commença à faire la teinture et vente des bazins teintés et foulards avec effigie des noms de Saints en arabe, auprès de sa mère qui était très connues dans cette activité. Après plusieurs années d’apprentissage à côté de cette dernière, elle évolue seule après le décès de cette dernière. Sa force de vente est due à son génie de création, elle arrive non seulement à calligraphier des textes du coran sur le foulard mais également à afficher la photo des gens.
Dans le but d’augmenter son fonds de commerce pour faire face à la demande clientèle, elle a fait recours à Soro Yiriwaso, elle est à son 1er prêt individuel.
Elle compte utiliser ce prêt pour acheter, 8 pièces de bazins légers, elle s’approvisionne à Bamako et effectue ses ventes au comptant à une clientèle composée majoritairement de femmes. Elle envisage de réaliser un bénéfice mensuel 90.000 FCFA, ce dernier lui permettra de prendre en charge les dépenses familiales et de pérenniser son activité. Son ambition est d’ouvrir une boutique de prêt à porter.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 492.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Assetou to buy clothing.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013