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Mariam
Born around 1975 in Sikasso, Ms. Mariam is a widow and the mother of three children. She resides in her deceased husband's home with her children in a nuclear family located in Wayerma, in Sikasso City (3rd administrative region of the Republic of Mali). After several unsuccessful businesses, Ms. Mariam was introduced to small-scale commerce over ten years ago and particularly in the buying and selling of clothing, handbags, embroidered cloth, 'pagnes' (the colorful cloth of western Africa), etc. She purchases her merchandise in Bobo Dioulasso (Burkina Faso) and then resells it from her spot at the big market of Sikasso where her merchandise is much in demand by her customers (composed essentially of housekeepers retailers at the market) for its quality.

Concerned about further satisfying her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso and is now on her first loan. Thus, she is requesting this loan to increase her business capital for buying: 30 lengths of Wax 'pagne' cloth, 20 sets of embroidered fabrics, and 20 handbags.

She envisions making a monthly profit of 100,000 francs CFA that will be used to help cover family expenses and pay the loan interest. And the rest will be invested in her business.
View original language description ↓
Née vers 1975 à Sikasso, Madame Mariam est veuve et mère de 3 enfants qui réside chez son feu époux avec ses enfants, dans une famille nucléaire à Wayerma dans la ville de Sikasso (troisième région administrative de la république du Mali).
Madame Mariam, après plusieurs activités sans succès, s’est initiée depuis plus de dix années à cette activité de petit commerce notamment à l’achat vente de vêtements, de sacs à main, de tissus brodés, de pagnes, etc.). Elle achète ses marchandises à Bobo Dioulasso ( Burkina Faso) avant de les revendre à sa place au grand marché de Sikasso où ses marchandises sont beaucoup sollicitées de sa clientèle (composée essentiellement des des femmes de ménages et vendeuses de du marché) pour leur qualité.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décide d’intégrer l’institution de microfinance Soro Yiriwaso avec qui elle est à son premier prêt. Ainsi, elle sollicite ce crédit pour augmenter son fonds de commerce afin d’acheter, 30 pièces de pagne wax, 20 complets de tissus brodé et 20 sacs à main.
Elle envisage réaliser un bénéfice mensuel de 100 000 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
  • 85
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 505.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mariam to purchase clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013