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Mani Fane
Ms. Mani is 55 years old, married, and the mother of six children. She resides with her husband and their children in a nuclear family in Hamdallaye, a working-class district in Sikasso City. After having run many businesses without success, Ms. Mani became familiar with this business of buying and selling Wax 'pagnes' (the colorful cloth of western Africa) and plasticware (buckets, basins, cups, etc.) over three years ago. She purchases her goods in Bobo (Burkina Faso) and then resells them door to door in her district, at the big market, and at the Médine market. Her customer base is composed essentially of housekeepers. She is much in demand by her customers for the quality of her goods.

To satisfy her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso over a year ago. She is now on her third individual loan. The two previous loans were correctly repaid.

This third individual loan will enable her to purchase 15 lengths of Wax 'pagne', 4 dozen basins, and 10 dozen buckets.

With this loan, she envisions making a monthly profit of 90,000 francs CFA that will be used to help cover family expenses and to pay the loan interest, and the rest will be invest in her business.
View original language description ↓
Madame Mani est âgée de 55 ans, mariée et mère de 6 enfants résidant avec son époux et leurs enfants dans une famille nucléaire à Hamdallaye, un des quartiers populaires de la ville de Sikasso.
Madame Mani après avoir mené beaucoup d’activités sans succès, s’est initiée à cette activité d’achat et vente des pagnes wax, et des articles en plastiques (Seaux bole gobelet etc) depuis plus de trois ans. Elle achète ses marchandises à Bobo (Burkina Faso), avant de les revendre de façon ambulantes dans son quartier, au grand marché et au marché de Médine à une clientèle composée essentiellement des femmes de ménage. Elle est beaucoup sollicitée de sa clientèle pour la qualité de ses articles.
Pour satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis plus d’un an. Elle est à son troisième prêt individuel les deux prêts précédents ont été correctement remboursés.
Ce troisième prêt individuel lui permettra d’acheter, 15 pièces de pagnes wax, 4 douzaines de baignoires et 10 douzaine de seaux.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 90 000 FCFA qui sera utilisé pour contribuer aux dépenses familiales, 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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 517.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mani Fane to purchase Wax 'pagne' cloth and plasticware.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013