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Assitan
Assitan is 53 years old, married, and the mother of seven children. She lives with her husband in Koutiala City. She did not have the chance to be educated, and so she became interested in commerce at an early age. She learned about commerce from her mom. After having run several revenue-generating businesses, she has now opted for selling peanuts, peanut butter, soaps, cakes, etc.

To increase her business capital, so as to expand her business, Assitan turned toward the microfinance institution Soro Yiriwaso seven years ago. She has taken out four loan from an association (solidarity loans), all properly repaid, and she is now on her 9th individual loan, of which the preceding eight were indeed paid back.

With this financing, she intends to purchase 6 sacks of peanuts from Koutiala grain and grocery suppliers. Accepting cash and sometimes credit, she makes her sales out of her home to a customer base composed generally of women.

With this financing, she is planning on a monthly profit of 80,000 francs CFA that she envisions using for repaying Soro the interest and helping to improve her family's living conditions. For the future, Assitan plans on expanding her business in other directions.
View original language description ↓
Assitan est âgée de 53 ans, mariée mère de 7 enfants et vit avec son mari dans la ville de Koutiala.
Assitan n’as pas eu la chance de faire des études, raison pour la quelle elle s’est intéressée au commerce depuis à bas âge qu’elle apprit auprès de sa maman. Après avoir mené plusieurs activités génératrices de revenus, actuellement elle opte pour la vente d’arachide, de la pâte d’arachide, des savons, des gâteaux, etc.
Pour augmenter son fonds de commerce afin d’élargir son activité, Assitan a fait recours à l’institution de microfinance Soro Yiriwaso depuis plus de 7 ans. Elle a pris 4 prêts dans une association (prêt solidaire) tous remboursés correctement et elle est à son 9ème prêt individuel dont les huit précédents ont été bien remboursés.
Avec ce financement, elle compte acheter dix sacs d’arachide auprès des stockeurs de céréales et denrées alimentaires de Koutiala. Elle effectue sa vente à son domicile à une clientèle composée de femmes en général, au comptant et souvent à crédit. Avec ce financement, elle compte sur un bénéfice mensuel de 80.000FCFA qu’elle envisage utiliser pour le remboursement des intérêts de Soro et contribuer à l’amélioration des conditions de vie de sa famille.
Dans ses perspectives, Assitan compte élargir son activité sur d’autres horizons.

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
  • 156
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Assitan to purchase sacks of peanuts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014