Check out some available loans that are similar to this one!
Fanta
Born in 1965, Fanta lives with her 6 children and her husband in a nuclear family in the rural community of Dangassa. Fanta's rapid interest in business is due to her aunt, who owned a small business of assorted products.

Fanta, after many years of experience in her aunt's business, decided to go into the business of purchase and resale of ground nuts, black-eyed peas, millet, fonio (a species of millet), corn, bissap, etc.

After having fully repaid the four previous loans, Fanta is on her fifth loan with Soro Yiriwaso which she will use to purchase 100 bags of millet from local farmers (in Dangassa, Gouala, and Niangadina) and rarely from local wholesalers. She conducts her sales in cash and on credit, by retail, from her home, in Dangassa, and in local markets to a customer base made up essentially of consumers.

Fanta hopes to earn a monthly profit of 90,000 francs CFA which she will use to help her husband provide for the family's needs, repay the loan, and reinvest in her business.
View original language description ↓
Née vers 1965, Fanta vit avec ses 6 enfants et son époux dans une famille nucléaire dans la commune rurale de DANGASSA.
Fanta s’est vite intéressée aux activités génératrices de revenus auprès de sa tante qui faisait le commerce d’articles divers. Fanta, après des années d’expériences avec cette dernière, opta pour l’achat vente d’arachide, de niébé, de mil, de fonio, de maïs, de dah, etc.
Après avoir correctement remboursé les quatre prêts précédents, Fanta est à son cinquième prêt avec Soro Yiriwaso qui sera utilisé pour acheter, 100 sacs de mil, auprès des paysans producteurs (à DANGASSA, GOUALA et NIANGADINA) et quelques rare fois avec les grossistes de la place. Elle effectue ses ventes au comptant, à crédit et en détail, à domicile, à DANGASSA et dans les foires environnantes à une clientèle composée essentiellement de consommateurs.
Fanta espère réaliser un bénéfice mensuel de 90.000FCFA qui sera utilisé pour aider son mari à subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les activités.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 494.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Fanta to purchase cereals.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 6, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014