Funded

Total loan: $850
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Assétou

Mali
Sikasso, Mali / Cereals

A loan of $850 helped buying grains.


Assétou's story

Assétou Koné is 47 years old, married, and the mother of three children (one boy and two girls).  She resides with her husband and their children in Sanoubougou II, one of the working-class districts of Sikasso City (3rd administrative region of the Republic of Mali). After having run several businesses without success, she was introduced to the business of stocking up and marketing of grains (corn, millet, sorghum, peanuts, rice, fonio, etc.) about four years ago.  She has a store at the big market of Sikasso were she operates this business.

Concerned about further satisfying her customer base, which is growing more and more, Assétou decided to joint the micro-finance institution Soro Yiriwaso. After six solidarity loans (group loans) in a women's association in her district (Association Benkadi de Sanoubougou II), she is currently on her third individual loan.  The preceding loans have all been properly repaid. 

Assétou intends to use this loan for buying eight sacks of rice, seven sacks of sorghum, ten of corn, five of peanuts, and four of millet.  She buys the rice in Niono (Ségou region); the other grains, from towns around Sikasso.  Then she sells the grains retail to a customer base composed generally of consumers. 

With this loan, Assétou envisions making a monthly profit of 275,000 francs CFA that will be used essentially for increasing her capital, taking part in meeting family expenses, paying the loan interest, and investing the rest in her business.

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

12 months
Disbursed date: April 15, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: April 15, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children