Check out some available loans that are similar to this one!
Salimata
Salimata S., 34, is married and lives with her husband and her four children (two boys and 2 girls) in Banconi, and outlying neighborhood of the town of Sikasso (third administrative region of the Republic of Mali).



Salimata S., after having tried various businesses without success, decided to sell cereals (maize, millet, sorghum) 7 years ago. She has a little store in Kaboïla I opposite the Bank of West Africa (B.O.A.)



With the intention of better satisfying the needs of her ever-growing clientele, she decided to join the micro-finance institution Soro Yiriwaso 5 years ago. After 5 solidarity loans (group loans) in an association with women from her neighborhood (Association Kotognogontala of Banconi), she is now on her 4th individual loan and all the preceding loans have been correctly reimbursed. With this loan she intends to buy 23 sacks of maize, 10 sacks of sorghum, and 11 sacks of millet.

She does her buying in places near the town of Sikasso before selling either in bulk to a clientele composed in general of retailers, or retail, for cash or credit, to a clientele essentially composed of heads of families.



She expects to make, thanks to this loan, a monthly profit of 200,000 F CFA which will be used essentially to pay the interest on her loan and help support her family, investing any remainder back into her business.

View original language description ↓
Salimata S. a 34 ans mariée et vit avec son époux et ses quatre (4) enfants (2 garçons et 2 filles) à Banconi, un des quartiers périphériques de la ville de Sikasso ( troisième région administrative de la république du Mali).
Salimata S. après avoir mené beaucoup d’activités sans succès, elle opta pour le commerce de céréales (maïs, mil, sorgho) il y a maintenant sept (07) ans. Elle dispose son magasin à Kaboïla I en face de la B.O.A. (Banque Ouest Africaine).
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso il y a maintenant cinq (5) ans. Après 5 prêts solidaires (prêt de groupe) dans une association des femmes de son quartier (Association Kotognogontala de Banconi), elle est actuellement à son 4ème prêt individuel et tous les prêts précédents ont été correctement remboursés.
Elle compte acheter avec ce prêt, 23 sacs de Maïs, 10 sacs de Sorgho et 11 sacs de Mil.
Elle s’approvisionne dans les localités environnantes de la ville de Sikasso avant de les revendre soit en gros à une clientèle composée généralement de revendeurs, soit en détail au comptant et à crédit à une clientèle essentiellement composée de chefs de famille.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 200 000 FCFA qui sera utilisé essentiellement pour payer les intérêts de son prêt, contribuer aux dépenses de la famille 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.

About Mali

  • $1,200
    Average annual income
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 508.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Salimata purchasing cereals for re-sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009