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Fatoumata
Fatoumata is 64 years old, married, and the mother of 2 children. She lives in a nuclear family with her husband and children in the Bagadadji neighborhood of Ségou (the fourth administrative region of Mali.) Not having attended school for social reasons, due to being in a traditional Dogon family, she began conducting her small business independently at an early age. She has been in business for 25 years and enjoys a large customer base and has the benefit of extensive experience.

Fatoumata's strength in her business is due to the quality of her Gamiaka rice, highly popular with consumers. In addition, she often receives orders from her neighbors and also from Bamako where she has a large customer base. In the hope of increasing her business funds in order to meet her customers' needs, she turned to Soro Yiriwaso. Fatoumata has been in a partnership with them for 48 months, during which time her 2 group loans and 2 individual loans have been fully repaid.

Fatoumata is on her 3rd individual loan which she plans to use to purchase 1 ton of rice. She stocks up in Niono, and sells for cash and credit to a customer base made up mostly of women. Fatoumata hopes to earn a monthly profit of 70,000 francs CFA, which she will use to pay back her loan and to help her husband care for the family's expenses. Her dream is to expand and diversify her business.
View original language description ↓
Madame Fatoumata est âgée de 64 ans, mariée et mère de 2 enfants, elle vit dans une famille nucléaire avec son mari et ses enfants au quartier Bagadadji de Ségou (quatrième région administrative de la république du Mali).
N’ayant pas fréquenté l’école pour des raisons sociales, car issue d’une famille traditionaliste Dogon, elle commença très tôt à mener le petit commerce seule. Les activités génératrices elle l’effectue depuis 25 ans et jouit d’une grande clientèle et expérience. Sa force de vente est due à la qualité de son riz Gamiaka très prisé des consommateurs. En plus elle reçoit fréquemment de la commande de son voisinage mais également de Bamako où elle dispose d’un vaste réseau de clientèle.
Dans le but d’augmenter son fonds de commerce afin de faire face à la demande clientèle, elle a fait recours à Soro Yiriwaso. Elle est en relation avec cette dernière depuis 48 mois, après 2 prêts solidaires et 2 prêts individuels bien remboursés. Elle est à son 3ème prêt individuel qu’elle compte utiliser pour acheter 1 tonne de riz. Elle s’approvisionne à Niono.
Madame Fatoumata vend au comptant et à crédit à une clientèle composée de femmes majoritairement. Elle espère réaliser un bénéfice mensuel de 70.000 FCFA, qui lui sert à rembourser son prêt et à aider son mari dans la prise en charge des dépenses familiales. Son ambition est de diversifier 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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,686,675
    Funds lent in using Kiva
  • 492.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fatoumata to purchase rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014