Funded

Total loan: $525
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Oumou

Mali
Sikasso, Mali / Restaurant

A loan of $525 helped to buy food supplies for her restaurant business.


Oumou's story

Mrs. Oumou is 42 years old. She lives with her husband and their seven children in Wayerma I, in downtown Sikasso (third administrative region of the Republic of Mali).

After attempting many activities without success, Mrs. Oumou started working in the restaurant business over fifteen years ago. She works every night in front of the family residence, and she is in high demand due to the quality of her products.

In order to satisfy a growing customer base, she decided to join the micro-finance institution Soro Yiriwaso five years ago. After eight group loans as a member of a local women’s association, she is now seeking an eighth individual loan. All previous loans were correctly repaid.

She will use this new credit to buy 35 chickens, 3 bags of potatoes, 30 packages of spaghetti, 45 kg of fresh fish, 50 kg of beans, 40 packets of Attieke, 35 kg of green beans and a supply of bananas (Aloko). She buys her stock locally.

She sells for cash and credit to a clientele composed of women, young unmarried people, and especially night owls. She plans to earn a monthly profit of 175,000 FCFA that she will use primarily to contribute to family expenses and pay the interest on the loan. Any remainder will be reinvested in the business.

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Loan details

Loan length:

8 months
Disbursed date: November 1, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: November 1, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children