Funded

Total loan: $1,050
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Korotoumou

Mali
Sikasso, Mali / Food Production/Sales

A loan of $1,050 helped to purchase tubers.


Korotoumou's story

Ms. Korotoumou was born around 1969 in Ningasso. The mother of two children, she lives with her spouse and their children in a nuclear family in Hamdallaye, one of the districts surrounding the city of Sikasso (the third administrative region of the Republic of Mali). In this way, she currently runs a business buying and selling tubers (potatoes, yams and spuds) and various small goods at the market, where she is very sought after by her clientele for the quality of her products. To satisfy the increasingly growing needs of her clientele, she decided to join the Soro Yiriwaso microfinance institution. She is on her thirteenth individual loan, which she expects to use to buy 70 bags of tubers. She buys her merchandise there in Sikasso before reselling it at retail for cash to a clientele made up of men and women. The previous loans were all properly repaid. She imagines that with this loan she will make a monthly profit of 100,000 f CFA which will be used to increase her business funds, contribute to her family's expenses, and to pay the interest on the loan.

Translator profile picture

Translated from French by Kiva volunteer Martha Schmitz



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: September 26, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams




Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: September 26, 2013
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children