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Fatoumata
Born in 1967 in Mamoussa, Bougouni circle, Fatoumata lives in a nuclear family with her four children and her husband; they live in Ouelessebougou sub-prefecture (Koulikoro region of the Republic of Mali).

Early on, Fatoumata became interested in revenue-generating activities; she learned from her older sister, who was in the condiment trade. After years of experience working together, Fatoumata opted for the condiment business, buying and selling onions, ground nut butters, okras, tomatoes, mangoes, etc.

Fatoumata is on her first loan with Soro Yiriwaso. It will be used to purchase a large quantity of condiments from wholesalers in Bamako. She retails cash or credit, from home as well as in the market and local fairs; her clientele is mixed-gender.

Fatoumata hopes to make an average monthly profit of 50,000 XOF, which will be used to assist her husband in supporting the family, pay back the loan, and reinvest in her condiment business.
View original language description ↓
Née en 1967 à MAMISSA, Cercle de BOUGOUNI, FATOUMATA vit avec ses 4 enfants et son époux, dans une famille nucléaire dans la Sous Préfecture de OUELESSEBOUGOU (Région de KOULIKORO, République du MALI).
FATOUMATA s’est vite intéressé aux activités génératrices de revenus auprès de sa grande sœur qui faisait le commerce de condiments. FATOUMATA, après des années d’expériences avec cette dernière, opta pour l’achat vente de condiments : oignons, patte d’arachide, gombo, tomate, mangue, etc.
FATOUMATA est à son premier prêt avec Soro Yiriwaso qui sera utilisé pour acheter, une quantité importante des condiments auprès des grossistes à BAMAKO. Elle effectue ses ventes au comptant, à crédit et en détail, à domicile, dans le marché et dans les foires environnantes à une clientèle composés d’hommes et de femmes.
FATOUMATA espère réaliser un bénéfice mensuel de 50.000FCFA qui sera utilisé pour aider son mari à subvenir aux besoins de la famille, rembourser le prêt et réinvestir dans les activités d’achat vente de condiments.

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.

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About Mali

  • $1,200
    Average annual income
  • 148
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 481.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Fatoumata to purchase condiments.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 13, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014