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Fatoumata
Fatoumata is 33 years old, married, and mother of two children. She lives in a nuclear family in the Bagadadji neighborhood of Ségou (fourth-largest administrative region in the Republic of Mali).

She is a teacher by profession and, in addition, she carries out revenue-generating activities that were started by her mother, who sold many different items (condiments, incense, fruit juice, clothes, and shoes). After several years working alongside her mother, she decided to run her own business of buying and selling shoes and clothes. She has been running this business for ten years now and has a good amount of experience as well as many clients. She is able to sell a lot of goods thanks to the high quality of her merchandise.

She is seeking this loan with a view to helping her satisfy her clients. After four group loans and five individual loans, all of which were correctly repaid, she is now on her sixth individual loan, which she plans to use to buy 10 pagnes and 3 crates of shoes. She stocks up in Bamako.

Fatoumata sells her goods for cash or for credit to a mixed clientele. With this loan, she plans to earn a monthly profit of 60,000 FCFA, which will enable her to repay her loan and continue to run her business.
View original language description ↓
Madame Fatoumata est âgée de 33 ans, mariée et mère de 2 enfants. Elle vit dans une famille nucléaire au quartier Bagadadji de Ségou (quatrième région administrative de la république du Mali).
Enseignante de profession, en plus de cette fonction elle mène des activités génératrices de revenus, commencé auprès de sa mère qui vendait beaucoup d’articles (condiments, encens, jus de fruit, habits et chaussures). Après plusieurs années passées à ses côtés, elle décida de mener le commerce de chaussures et d’habits. Elle mène cette activité depuis 10 ans et jouit d’une grande expérience et clientèle. Sa force de vente est due à la qualité de sa marchandise.
Dans le souci de satisfaire sa clientèle, elle sollicite ce prêt. Après 4 prêts solidaires et 5 prêts individuels correctement remboursés elle est à son 6ème prêt individuel qu’elle compte utiliser pour acheter 10 pièces de pagnes et 3 ballets de chaussures, elle s’approvisionne à Bamako.
Fatoumata vend au comptant et crédit à une clientèle mixte, Avec ce prêt, elle envisage de réaliser un bénéfice mensuel 60 000 FCFA, ce dernier lui permet de rembourser son prêt et de pérenniser 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 500.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Fatoumata to buy clothes and shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014