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Fatoumata
Mrs. Fatoumata is 42 years old, married with four children. She lives in a nuclear family with her ​​husband and children in the Sébougou district of Ségou (fourth administrative region of the Republic of Mali).

Fatoumata has not attended school for social reasons. She became involved with income-generating activities alongside her mother who sold condiments. After several years of learning from her, she evolved on her own, ultimately to become a retail clothing merchant.

She has been in business for 15 years. Her selling strengths are the affordability of her products, her business acumen and especially the quality of her clothes.

To meet her customers' demand, especially for the coming holidays - namely Ramadan, the Tabaski (important Muslim festival also known as Aïd El Kabir), Christmas and December 31 - she is requesting a new loan from Soro Yiriwaso with whom she has been cooperating for the past 36 months.

All three individual loans have been repaid in full. This will be the fourth loan she will use to buy 50 lengths of wax cloth (colorful West-African fabric). She resupplies in Bamako. Mrs. Fatoumata sells for cash and credit to a clientele composed mainly of women.

With this loan, she intends to make monthly profits of 50,000 FCFA, she will use to deal with family expenses and pay her tontines (participation in group savings).
View original language description ↓
Madame Fatoumata est âgée de 42 ans, mariée et mère de 4 enfants, elle vit dans une famille nucléaire avec son mari et ses enfants au quartier Sébougou de Ségou (quatrième région administrative de la république du Mali).
Fatoumata n’a pas fréquenté l’école pour des raisons sociales. Elle débuta les activités génératrices de revenus à côté de sa mère qui vendait des condiments, après plusieurs années d’apprentissage auprès de cette dernière, elle évolua seule pour mener finalement le commerce d’habits. Elle mène ses activités depuis 15 ans. Sa force de vente est due à son prix abordable, son sens des affaires et surtout à la qualité de ses habits.
Pour faire face à sa demande clientèle surtout pour les fêtes qui s’annoncent à savoir le Ramadan, le Tabaski, Noël et le 31 Décembre. elle demande ce nouveau prêt avec Soro Yiriwaso avec qui elle est depuis 36 mois. Après 3 prêts individuels tous correctement remboursés, elle est à son 4ème qu’elle compte utiliser pour acheter 50 pièces de pagnes wax. Elle s’approvisionne à Bamako.
Madame Fatoumata vend au comptant et à crédit à une clientèle composée essentiellement de femmes. Avec ce prêt elle compte réaliser un bénéfice mensuel de 50 000FCFA, ce dernier lui servira de prendre en charge les dépenses familiales et de payer ses tontines.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 500.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Fatoumata buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Jul 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014