Check out some available loans that are similar to this one!
Miriya Group
In this Group: Fanta , Alamako , Djeneba , Sali , Djeneba , Aïcha
All the women of the group Miriya are married and average 35 years of age and six children each.  And they live in traditional extended families with their brothers, sisters, co-wives, children, and husbands in the village of Sido, Prefecture of Bougouni (3rd administrative region of the Republic of Mali). The women know one another through business. 

Meaning to buy more goods, these women decided to join the micro-finance institution Soro Yiriwaso to do commerce in soft drinks.  They are now on their sixth group loan.  The previous loans were all properly repaid.  

With this new loan, they intend to buy 300 cases of soft drinks from the production factory for non-alcoholic beverages in Bamako. All the drinks are sold retail, cash or credit accepted, in the village of Sido.  The customer base is composed of men and women. 

With this loan, the women hope to obtain a monthly profit of 35,000 francs CFA.  A portion of the profits will be reused in their work, and the other will go toward their children's education costs.
View original language description ↓
Les femmes du groupe Miriya sont toutes mariées avec une moyenne d’âge de 35 ans et 6 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs frères, sœurs, co-épouses, enfants et époux, dans le village de Sido, préfecture de Bougouni, troisième région administrative de la république du Mali.
Ces femmes se sont connues par des relations de commerce.
Dans l’intention d’acheter plus de produits, elles ont décidé d’adhérer à l’institution de microfinance Soro Yiriwaso et cela pour faire le commerce de boissons sucreries.
Elles sont à leur sixième prêt de groupe et tous les prêts précédents ont été correctement remboursés.
Avec ce nouveau prêt elles comptent acheter, 300 casiers de boisson sucrerie auprès de l’usine de production de boisson non alcoolisée à Bamako. Toutes les boissons sont revendues en détail, au comptant ou à crédit dans le village de Sido à une clientèle composée d’hommes et de femmes.
Avec ce prêt ces femmes espèrent obtenir un bénéfice mensuel de 35.000 FCFA dont une partie sera réutilisé dans leur activité et l’autre partie dans les frais d’éducation de leurs 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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 149
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 487.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Miriya Group's $1,850 loan helped a member buying non-alcoholic beverages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 25, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010