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Madougou
Madougou, age 63, is a widow who lives with her co-spouse and their children at the home of their late husband in Mancourani II, in the center of Sikasso (Third Administrative Region of the Republic of Mali).

Never having had the opportunity to progress in school due to social issues, she became familiar with the business of trading "pagnes Wax" (colorful African cloth) and embroidered fabrics thirty years ago.

She's very much in demand by her clientele, which comprises mostly women, thanks to the quality of her products. She gets lots of orders from neighboring villages, and her business is doing very well.

Eager to better satisfy her ever-increasing clientele, she decided to join Kiva's partner, the MFI Soro Yiriwaso, seven years ago. After several solidarity loans (group loans) with an association of women of her neighborhood, she's now seeking her twelfth individual loan. All previous loans were repaid without problems.

She intends to use this loan to buy 40 pieces of pagnes Wax, and 20 pieces of embroidered fabrics. She gets her supplies in Bamako, and resell her products as a traveling saleswoman in Sikasso, and often in the neighboring villages.

She intends to turn an average monthly profit of XOF 200'000 (ca US$ 390), to be used mainly to increase her working capital, help with the family expenses, and repay the interests of the loan.
View original language description ↓
Madougou est une veuve de 63 ans, qui réside avec sa coépouse et leurs enfants chez leur defunt époux, à Mancourani II, le centre ville de Sikasso (troisième région administrative de la république du Mali).
N’ayant pas eu la chance d’avancer à l’école pour des raisons sociales, cette femme s’est initiée à l’activité de petit commerce d’achat-vente de pagnes wax et des tissus brodés, depuis plus de trente ans. Elle est beaucoup sollicitée surtout de sa clientèle, composée essentiellement des femmes, pour la qualité de ses produits. Elle reçoit beaucoup de commandes des localités environnantes et son activité marche à merveille.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida d’intégrer l’institution de microfinance Soro Yiriwaso depuis plus de sept ans. Après plusieurs prêts solidaires (prêt du groupe) dans une association des femmes de son quartier, il est à son douzième prêt individuel, tous ses prêts précédents ont été correctement remboursés.
Elle compte acheter avec ce prêt 40 pièces de pagne wax, 20 complets de tissus brodés. Elle s’approvisionne à Bamako ensuite elle les revend de façon ambulante à Sikasso et souvent dans les localités environnantes de Sikasso.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 200 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 503.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Madougou to buy 40 pieces of pagnes Wax (colorful African cloth) and 20 pieces of embroidered fabrics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012