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Fatoumata
Mrs. Fatoumata Traoré, age 48, is married and the mother of 5 children. She lives with her husband and her children in a monogamous family in the village of Dialakoroba (second administrative region of the Republic of Mali). She attended school up to high school, before abandoning her studies to get married. Afterwards, she was trained in healthcare for mother and child, which enabled her to get to know medications better in order to sell them. To bolster her business, she joined the microfinance organization Soro Yiriwaso, from which she obtained 4 group loans (solidarity loans) and 3 individual loans. She's now seeking her fourth individual loan. All previous loans were repaid without problems.
With this loan, she intends to buy every month large quantities of pharmaceutical products in Bamako, at the governmental pharmacy, in order to resell them in the health center of her village, where she's managing the pharmacy. She foresees an average monthly profit of XOF 110'000 (ca US$ 220), to be used to repay the loan and help with the family expenses.
View original language description ↓
Madame Fatoumata Traoré est une femme mariée de quarante huit (48) ans et mère de cinq (5) enfants qui vit avec son mari et ses enfants dans une famille monogame dans le village de Dialakoroba (deuxième administrative de la république du Mali).
Elle fréquenta l’école jusqu’au lycée où elle abandonna pour le mariage. Après elle bénéficia des formations en santé maternelle et infantile qui lui ont permis de mieux connaître les médicaments afin de les commercialiser.
En vu de mieux fructifier son activité elle a fait recours à l’institution de microfinance Soro Yiriwaso auprès de laquelle elle bénéficia de quatre prêts de groupe (prêt solidaire) et trois prêts individuels. Elle est à son quatrième individuel et tous ses prêts précédents ont été bien remboursés.
Elle compte acheter avec ce prêt, une importante quantité de produits pharmaceutiques au dépôt de la pharmacie populaire du Mali à Bamako une fois par mois pour les revendre au Centre de Santé de son village qu’elle-même a la responsabilité de la gestion de la pharmacie.
Elle compte réaliser un bénéfice moyen mensuel de 110. 000 F CFA qui servira à payer l’échéance du prêt et contribuer aux dépenses familiales.

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
  • 8
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Fatoumata to buy and resell medications.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009