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Assetou
Born in November 1964 in Bamako, Ms. Assetou is a married woman and the mother of five children. She resides with her husband and their children in a large nuclear family in Hamdallaye, a working-class district in Sikasso City (3rd administrative region of the Republic of Mali). After having run many businesses without success, she finally became familiar with buying and selling a variety of goods, such as peanut butter, smoked fish, dried fish, bath soaps, etc.

Concerned about satisfying her burgeoning customer base further, she decided to join the microfinance institution Soro Yiriwaso about six years ago. After five individual loans, all correctly paid back, she is on her sixth loan, which will enable her to purchase 20 boxes of bath soaps, 10 pails of peanut butter, and 4 boxes of smoked fish, locally in Sikasso. These goods will be resold by going door to door.

With this loan, she envisions making a monthly profit of 90,000 francs CFA that will be used to help cover family expenses and to pay the loan interest. The rest is for reinvesting in her business.
View original language description ↓
Née en Novembre 1964 à Bamako, Madame Assetou est une femme mariée et mère de 5 enfants résidant avec son époux et leurs enfants dans une grande famille nucléaire à Hamdallaye un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Après avoir mené beaucoup d’activités sans succès elle s’est finalement initiée aux activités d’achat et de vente des articles divers tels la pâte d’arachide, les poissons fumés et séché, des savons de toilettes etc.
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 six ans. Après cinq prêts individuel tous correctement remboursé, elle est à son sixième.
Ce sixième prêt lui permettra d’acheter 20 cartons de savons de toilettes, 10 seaux de pâte d’arachide, 4 cartons de poisons fumé, sur place à Sikasso qui seront vendus de façon ambulante.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 90.000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, payer les intérêts de son prêt 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

  • $1,100
    Average annual income
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Assetou to purchase various goods, such as peanut butter, fish, and bath soaps to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014