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Miriya Group
In this Group: Fatoumata , Mossodie , Djenebou , Korotoum
MIRIYA is a group of 4 women who are either related or neighbors. They are 34 years old in average. Married, and with at least 4 children, they all have various activities like selling fabrics, cereals (like MOSSODIE), vegetables, and many other items. They live in traditional families in the city of Bougouni (Sikasso Region, Republic of Mali).
In order to better meet the needs of their customers, the group has decided to join Soro Yiriwaso's loan program. This is their second loan, having successfully paid back the first one.
With this loan, MOSSODIE (the one with a large container filed with sorghum) plans on buying 6 bags of sorghum and 5 bags of fonio. She buys these items in markets around Bougouni and sells them retail, cash or on credit, to a customer base composed mainly of consumers.
She hopes for a 15.000 FCFA profit, which will enable her to pay back her loan and reinvest in her business.
View original language description ↓
MIRIYA est un regroupement de 4 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 34 ans. Mariées et mères d’au moins 4 enfants, elles mènent différentes activités qui sont entre autres la vente de tissus, de céréales, de légumes et biens d’autres articles divers. Elles vivent dans des familles traditionnelles à Bougouni ville (Région de Sikasso, République du Mali).
Dans le souci de satisfaire le besoin croissant de leur clientèle, le groupe a décidé d’intégrer le programme crédit de Soro Yiriwaso et est à son deuxième prêt, après avoir correctement remboursé le premier.
MOSSODIE, assise à droite avec une grande tasse remplie de sorgho, compte utiliser son prêt pour acheter, 6 sacs de sorgho et 5 sacs de fonio. Elle s’approvisionne dans les foires environnantes de Bougouni et effectue ses ventes en détail au comptant et à crédit, à une clientèle composée essentiellement de consommateurs.
Elle espère sur un bénéfice de 15.000 FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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
  • 155
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 515.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Miriya Group's $600 loan helped a member to buy cereals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2012