Funded

Total loan: $550
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Korotoumou

Mali
Koutiala, Mali / Cloth & Dressmaking Supplies

A loan of $550 helped to buy lengths of African cloth for resale.


Korotoumou's story

Born on March 15,1976 in Bamako, Madame Korotoumou is married and the mother of four children. She lives with her husband and children in the Darsalam II neighborhood of the town of Koutiala (Sikasso Region). Due to family problems, she left school early to get into money-earning ventures, particularly buying and selling cloth, "wax"-style African print cloth, embroidered cloth and so on for 18 years, working with her mother. She is well known as she receives orders through women's associations to mark ceremonies and especially at the holiday season.

In order to satisfy the needs of her ever growing clientele, she decided to join the Microfinance Institution Soro Yiriwaso. She is on her first individual loan.

With this loan she expects to buy 10 lengths of "wax" cloth, as well as various other sorts of cloth, in Bamako. She works as a itinerant salesperson, making her sales in various professional circles in Koutiala and out of her home, to a clientele made up of women and men, for cash and on credit.

She expects to make a monthly profit of 80,000 F CFA which she intends to use to reimburse Soro Yiriwaso's interest, to support her family, expanding her business with any remainder.

Very ambitious, Madame Korotoumou would like in future to open up a little shop to sell cloth and other items in the big open-air market of Koutiala.

Translator profile picture

Translated from French by Kiva volunteer Teresa Kramer



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: May 20, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

10 months
Repayment schedule: Irregularly
Disbursed date: May 20, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children