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Sitan
Sitan was born around 1965 in Mandela, Sikasso Cercle, in the third administrative region of Mali. She is the mother of four children and still lives with her ​​husband in Mandela. She has been in the business of buying and selling grain for more than 7 years. Her experience in this trade has earned her a good reputation, and she receives orders from a variety of clients.

In order to have the resources necessary to meet her clients' needs, Sitan partnered with Soro Yiriwaso three years ago. Her previous loans have been repaid. This new loan will allow Sitan to purchase fifteen 50-kilogram bags of fonio (an important species of millet that was among the first grains to be cultivated in West Africa) and five bags of maize. She buys her stock in the surrounding villages of Mandela and usually sells to men and women locally and in Sikasso. With this loan, she hopes to make an average monthly profit of 32,000 CFA francs per month. These profits will be used to pay the interest on her loan, and the rest will be reinvested in her business. She is counting on becoming a well-reputed wholesaler in order to satisfy her growing customer base.
View original language description ↓
Mme SITAN est né vers 1965 à MANDELA Cercle de SIKASSO, mère de 4 enfants elle vit chez son époux à Mandela (troisième région administrative de la république du Mali).
Elle mène des activités commerciales d’achat et de vente de céréales 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, elle collabore avec l’Institution de Micro Finance Soro Yiriwaso, il ya 3 ans maintenant, les prêts antérieurs ont été correctement remboursés.
Ce nouveau prêt lui permettra d’acheter 15 sacs de 50 kg de fonio et 5 sacs de maïs. Elle s’approvisionne dans les villages environnants de Mandela. Les ventes sont généralement faite sous commande à une clientèle composée d’hommes et de femmes sur place et à Sikasso.
Avec ce prêt, elle envisage réaliser un bénéfice mensuel moyen de 32 000 francs CFA par mois. Ce bénéfice lui permettra de payer les intérêts de son prêt et investir le reste dans son activité.
Il compte devenir un grossiste de bonne renommée à fin de satisfaire ses nombreux clients qui ne cessent de croître

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
  • 42
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 498.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Sitan to purchase grains.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014