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Safora
Ms. Safora is 29 years old, married, and the mother of two children. She resides at her husband place in a large traditional extended family in Sanoubougou I, one of the working-class districts of Sikasso City. Ms. Safora is an administrator by training. After her studies, she soon became familiar with styling women's hair three years ago. With such experience in this domain, she is much in demand by young single women, especially for ceremonies (marriages, baptisms, anniversaries, etc.)

Having insufficient resources of her own for carrying out her work is the reason for her goal and the justification for this request for a Soro Yiriwaso loan, so as to do better satisfying the needs of her ever-growing customer base. She is requesting this initial loan to increase her working capital to be able to purchase 20 packets of hair extensions of different qualities, 30 containers of gel, and a dozen of fingernail polish of different colors, in Bamako.

With this loan, she envisions making an average profit of 100,000 francs CFA enabling her to address most of her costs, help cover family expenses, pay the loan interest, and invest the rest in her business.
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Madame Safora a 29 ans, marie et mère de 2 enfants, elle réside chez son époux dans une grande famille traditionnelle élargie à Sanoubougou I, un des quartiers populaires de la ville de Sikasso.
Madame Safora est gestionnaire de formation, qui après ses études s’est vite initiée à la coiffure féminine depuis maintenant trois années. Avec une telle expérience dans un domaine, elle est très sollicitée par des jeunes demoiselles surtout lors des cérémonies (mariage, baptême, anniversaire, etc.). L’insuffisance des ressources propres pour bien mener cette activité constitue l’objet et la justification de cette demande de prêt à Soro Yiriwaso afin de mieux satisfaire les besoins de sa clientèle qui ne cesse d’augmenter.
Elle sollicite ce premier prêt pour augmenter son fonds de roulement afin de pouvoir acheter, 20 paquets de mèches de différentes qualités, 30 boites de gels et une douzaine de vernis de couleurs différentes à Bamako.
Elle envisage réaliser avec ce deuxième prêt, un bénéfice moyen 100.000 FCFA lui permettant de résoudre l’essentielle de ses dépenses, 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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 517.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Safora to purchase packets of hair extensions, gels, and fingernail polish.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013