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Fatogoma
Mr. Fatogoma was born in April 1980 in Kadiolo. He is married with six children and lives with his wife in a traditional family in Kadiolo Noumousso, a district in Sikasso, the third administrative region of the Republic of Mali.

For over ten years Mr. Fatogoma has been buying and selling electrical equipment (solar panels, batteries, electric wire, etc.) He gets his supplies in Bamako.

This is his fifth individual loan with the Soro Yiriwaso micro-finance institution, to better satisfy an increasing number of customers. The previous loans have been repaid in full.

This loan will enable him to purchase five panels, 15 batteries and 12 rolls of wire in Bamako. Sales are conducted in his shop in Kadiolo, to a clientele composed of men and women, for cash and on credit.

He expects average monthly profits of 80,000 CFA francs. This profit will enable him to pay off the loan and its interest, and invest the rest in his activity.
View original language description ↓
Monsieur FATOGOMA né en Avril 1980 à KADIOLO, il est marié, père de 6 enfants et il réside avec son épouse dans une famille traditionnelle à KADIOLO Noumousso un cercle de la région de SIKASSO 3ième région administrative de la république du MALI.
Monsieur FATOGOMA mène des activités d’achat et de vente des matériels électriques ( panneaux solaires, batteries, file électrique etc) il y'a plus de 10 ans, il s’approvisionne à BAMAKO.
Il est à son cinquième prêt individuel avec l’Institution de Micro Finance Soro Yiriwaso dans le souci de mieux satisfaire sa clientèle de plus en plus croissante. Les prêts antérieur ont été correctement remboursés.
Ce prêt lui permettra de faire l’achat de 5 panneaux, 15 batteries et 12 rouleaux de fil électrique à BAMAKO. Sa vente se fait dans sa boutique à KADIOLO à une clientèle composée d’homme et de femme au comptant et à crédit.
Il envisage réaliser un bénéfice mensuel moyen de 80 000 francs CFA par mois. Ce bénéfice lui permettra de payer le prêt et son intérêt 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.

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About Mali

  • $1,200
    Average annual income
  • 21
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 475.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Fatogoma buy electrical equipment.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2014
Listed
Apr 22, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014