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Mahoua
Born around 1967 in Bougouanou (Republic of Cote d'Ivoire), Mahoua is a married mother of seven children. She resides with her husband and their children in a large traditional family in Sanoubougou I Kapel Kourou, one of the outlying districts of Sikasso City. After several unsuccessful businesses, she finally decided to become familiar in this small-scale business about ten years ago, especially in the buying and selling of clothing (wax 'pagne' cloth, embroidered fabrics, etc.). She purchases her goods locally from wholesale merchants from Sikasso and Bamako. Then she resells them at the local market, where her goods are much in demand by her customers composed essentially of women.

Concerned about further satisfying her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso over a year ago. She is now on her third loan, which will enable her to purchase 25 outfits of embroidered fabrics, 15 lengths of wax 'pagne' cloth, 20 handbags, and some women's necklaces.

With this loan, she envisions making a monthly profit of 115,000 francs CFA that will be used essentially to pay the loan interest. The rest will be invested in her business.
View original language description ↓
Née vers Août 1967 à Bougouanou (république de Côte d’Ivoire), Mahoua est mariée et mère de 7 enfants. Elle réside avec son époux et leurs enfants dans une grande famille traditionnelle à Sanoubougou I Kapel Kourou, un des quartiers péripheriques de la ville de Sikasso.
Après plusieurs activités sans succès, elle décida finalement de s’initier depuis plus de dix années à cette activité de petit commerce notamment à l’achat vente d’habillements (pagne wax, tissus brodés, etc.) , de parures et de sacs à main. Elle achète ses marchandises à sur places auprès des commerçants grossistes de Sikasso et Bamako avant de les revendre à sa place au marché où ses marchandises sont beaucoup sollicitées de sa clientèle composée essentiellement de femmes.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida d’intégrer l’institution de microfinance Soro Yiriwaso, avec qui elle est à son troisième crédit qui lui permettra d’augmenter son fonds de commerce afin d’acheter 25 complets de tissus brodés, 15 pièces de pagne wax, 20 sacs à main et des coliers des femmes.
Elle envisage réaliser avec ce crédit un bénéfice mensuel de 115 000 FCFA qui sera utilisé essentiellement pour payer les intérêts de son prêt et investir le reste 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.

About Mali

  • $1,200
    Average annual income
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mahoua to purchase various goods to sell such as cloth and handbags.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013