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Bintou
At 34 years of age, Mrs. Bintou F. is the mother of four children and lives in a nuclear family with her husband and children in the Badialan area of the city of Fana in the prefecture of Dioiloa (in the Koulikoro region in the Republic of Mali).
For social reasons, she left school at the age of 14 to help her mother in domestic and business activities. After nine years working with her mother, Mrs. Bintou F. decided to establish her own business selling pagnes (a type of highly prized West African clothing).
To increase her stock and serve more customers, she decided to join the loan program of the microfinance institution Soro Yiriwaso, which she learned about through various connections in her neighbourhood.
After five group loans with an association in her area, she is seeking her third individual loan, and all her previous loans were repaid properly.
With this loan, she intends to buy 80 sets of 6 pagnes of different types. She supplies herself at the market in Bamako (the capital of Mali), in order to re-sell them at retail in cash or in credit in the town of Fana, to a clientele composed essentially of women.
She intends to realize a profit of 30,000 FCFA per month with this loan. This profit will allow her to meet the health and education costs of her children.
Agée de 34 ans, Madame Bintou F. est mère de (4) quatre enfants et vit dans une famille nucléaire avec son époux et ses enfants dans le quartier Badialan de la ville de Fana au préfecture de Dioila (région de Koulikoro république du Mali).
Pour des raisons sociales elle abandonna l’école à l’âge de 14 ans pour aider sa mère dans les activités domestiques et économiques. Après 09 ans au service de sa mère, Madame Bintou F. décida de s’installer à son propre compte et cela dans l’achat vente de pagnes.
Pour augmenter son stock et servir plus de clientes elle décida d’intégrer l’institution de microfinance Soro Yiriwaso qu’elle a fait la connaissance à travers les relations de voisinage.
Après 5 prêts de groupe avec une association de son quartier, elle est à son troisième prêt individuel et tous les prêts précédents ont été correctement remboursés.
Elle compte acheter avec ce prêt : 80 pièces de 6 pagnes de différentes qualités. Elle s’approvisionne en pagne dans le marché de Bamako (capitale du Mali) pour venir les revendre en ambulant en détail au comptant ou à crédit dans la ville de Fana à une clientèle composée essentiellement de femmes.
Elle se propose d’avoir 30 000FCFA de bénéfice par mois avec ce prêt. Ce bénéfice lui permettra de subvenir aux frais de santé et d’éducation de ses enfants.

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
  • 86
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 508.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Bintou to buy and re-sell pagnes (a type of West African clothing).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009