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Afouchata
Mrs. Afouchata was born in August 1987 in Sikasso. She's married and the mother of three children, and lives with her husband and their children in a large extended traditional family in Bougoula in the city of Sikasso (third administrative region of the Republic of Mali).

After running a lot of unsuccessful businesses, she started buying and selling pagnes (colorful African cloth) and frankincense approximately seven years ago.

Three years ago, eager to better meet an ever-increasing customer demand, she decided to join Kiva's partner, the MFI Soro Yiriwaso.

After a solidarity loan (group loan) with a women's association in her neighborhood, she's now seeking her fourth personal loan. Previous loans were repaid without problems.

This fourth loan will enable her to buy 15 bales of pagnes and 20 boxes of frankincense in Bobo Dioulasso (Burkina Faso) and in Sikasso. She will resell these products as a traveling saleswoman, to a clientele comprising mostly women.

With this loan, she foresees turning an average monthly profit of XOF 60'000 (ca US$ 120), to be used to bolster her working capital, help cover expenses of her family, and repay the loan.
View original language description ↓
Née en Août 1987 à Sikasso, Madame Afouchata est une femme mariée et mère de 3 enfants qui reside avec son époux et leurs enfants dans une grande famille traditionnelle élargie à Bougoula Ville Sikasso ( troisième région administrative de la république du Mali).
Cette femme après mené beaucoup d’activités sans succès s’est initiée aux activités d’achat et de vente de pagnes et d’encens il y’a environ 7 ans.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida d’intégrer l’institution de microfinance Soro Yiriwaso il y’a environ trois ans. Après un prêt solidaire (prêt du groupe) dans une association des femmes de son quartier, elle est à son quatrième prêt individuel, les précédents étant correctement remboursés.
Ce quatrième prêt lui permettra d’acheter 15 balles de pagnes et 20 boites d’encens à Bobo Dioulasso (Burkina Faso) et sur place à Sikasso qui seront vendus de façon ambulante à une clientèle composée essentiellement de femmes.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 60 000 FCFA qui sera utilisé pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 507.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Afouchata to buy 15 bales of pagnes (colorful African cloth) and 20 boxes of frankincense.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014