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Mariam
Mariam is 54 years old, married with seven children. She lives with her ​​husband, her co-wife and their children in the town of Koutiala.

Due to family problems, Mariam did not have the opportunity to further her education. From an early age she focused on retail commerce, which she learned at her mother's side.

After trying several income-generating activities, she eventually opted 20 years ago for the retail trade of groundnuts (peanuts). Her reputation is good, as she receives large orders from Koutiaba-based sellers of groundnut paste.

To increase her working capital and expand her business, Mariam approached the Soro Yiriwaso micro-finance institution some seven years ago. As member of an association she was granted 13 group loans, all correctly repaid. She is now ready to receive a second individual loan, the previous one having been fully reimbursed.

With this funding, she plans to purchase 15 bags of groundnuts from Koutiala grain wholesalers. She will then sell retail at the great market to a clientele of women and men, for cash or credit.

She expects this funding will generate monthly profits of 110.000 FCFA she intends to use to reimburse Soro loan interests and contribute to improve her family's living conditions.

Looking to the future, Mariam plans to diversify her business activity.
View original language description ↓
MARIAM est âgée de 54 ans, mariée et mère de 7 enfants. Elle vit avec son mari, sa coépouse et leurs enfants dans la ville de Koutiala.
Du à des problèmes de famille, MARIAM n’a pas eu la chance de faire des études, raison pour laquelle elle s’est basée sur le commerce depuis à bas âge qu’elle apprit auprès de sa maman.
Après avoir mené plusieurs activités génératrices de revenus, elle finit par opter pour l’achat et la vente de l’arachide depuis 20 ans. Sa notoriété est bonne, car elle reçoit des commandes important à travers les vendeurs de pâte d’arachide de Koutiala.
Pour augmenter son fonds de commerce afin d’élargir son activité, MARIAM a fait recours à l’institution de micro finance Soro Yiriwaso depuis 7 ans. Elle a pris 13 prêts dans une association (prêt solidaire) tous remboursés correctement et elle est à son deuxième prêt individuel dont le précédent a été bien payer.
Avec ce financement, elle compte acheter 15 sacs d’arachides auprès des stokers de céréale de Koutiala et elle effectue sa vente au grand marché à une clientèle de femmes et d’hommes au comptant, en détail et à crédit. Avec ce financement, elle compte sur un bénéfice mensuel de 110.000FCFA qu’elle envisage d’utiliser pour le remboursement des taux d’intérêts de Soro et contribuer à l’amélioration des conditions de vie de sa famille.
Dans ses perspectives, MARIAM compte élargir son activité dans l’avenir.

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.

About Mali

  • $1,200
    Average annual income
  • 44
    View loans »
    Mali Loans Fundraising
  • $10,429,550
    Funds lent in using Kiva
  • 488.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Mariam buy bags of groundnuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012