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Fatogoma
Fatogoma was born in 1980 in Kadiolo in the Sikasso region (the Republic of Mali's third administrative region). He lives in a traditional extended family in the Noumousso district of Kadiolo.

He has been buying and selling spare parts and electrical equipment for more than seven years. His experience in this field has earned him a good reputation and he gets orders from a variety of customers. In order to have the necessary resources to meet customer demand he collaborates with the microfinance institution, Soro Yiriwaso, and is on his fourth individual loan, the three previous loans having been repaid in full.

This new loan will enable him to buy a significant quantity of spare parts (pistons, brake-shoes, retainer seals, bearings) and hardware equipment (bulbs, cables, probes, cement, plaster and paints). He gets his supplies in Bamako and Sikasso and sells his products in his shop in Kadiolo which lies in the central market. His customer base is made up of men and women.

With this loan he expects to make an average monthly profit of 100,000FCFA. This profit will enable him to meet his loan repayments and to invest in her business.
View original language description ↓
Mr FATOGOMA est né en 1980 à Kadiolo, Région de Sikasso (troisième région administrative de la république du Mali). Il vie dans une famille traditionnelle élargie au quartier Noumousso de la ville de Kadiolo.
Il mène des activités d’achat vente des pièces détachées et de matériels électricités depuis plus de 7 ans. Son expérience dans ce domaine, lui a valu une bonne réputation et reçoit des commandes de divers clients. Ainsi pour avoir les ressources nécessaires afin de satisfaire ces clients, il collabore avec l’Institution de Micro Finance Soro Yiriwaso, il est à son 4eme prêt individuel et les trois prêts précédents ont été correctement remboursés.
Ce nouveau prêt lui permettra de faire l’achat d’une importante quantité de pièces détachées (pistons, segments, joints anti-fuites, des roulements) et des matériels de quincaillerie (ampoules, câbles, pointes, ciments, plâtre et peintures).
Il s’approvisionne à Bamako ainsi qu’à Sikasso. Les ventes sont faites à Kadiolo dans son magasin au niveau du marché centrale. Sa clientèle est composée d’hommes et de femmes.
Avec ce prêt, il envisage réaliser un bénéfice mensuel moyen de 100 000 francs CFA par mois. Ce bénéfice lui permettra de faire face au remboursement des échéances 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

  • $1,200
    Average annual income
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Fatogoma to buy various products.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014