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Kadia
Kadia is 45 years old, married, and has four children. She lives with her husband in the town of Koutiala.

Kadia was unable to attend school and so became interested in money-making activities at a young age. After having run a number of different commercial businesses, she now sells clothing such as wax pagnes (traditional wraparound fabrics). In order to increase her working capital and expand her business, Kadia has been working with Soro Yiriwaso microfinance institution for 8 years. She has taken out group loans with the association (which were all repaid correctly) and is now on her 11th individual loan (all her previous individual loans having been correctly repaid as well).

Kadia plans to use this loan to buy 60 pagnes from Lomé (Togo). She sells her products from home to a customer base made up primarily of women. Her customers pay both in cash and on credit. With this loan, Kadia will make a monthly profit of 75,000 francs which she plans to use to pay the interest charged by Soro Yiriwaso and contribute towards improving her family's living conditions. She will invest the rest in her business.
View original language description ↓
Agée de 45 ans, mariée et mère de 4 enfants Kadia vit avec son mari dans la ville de Koutiala.
Kadia n’as pas eu la chance de faire des études, raison pour la quelle elle s’est intéressée aux activités génératrices de revenus depuis à bas âge. Après avoir mené plusieurs activités commerciales actuellement elle opta pour l’achat vente d’habillements tels pagnes wax. Pour augmenter son fonds de commerce afin d’élargir son activité, Kadia a fait recours à l’institution de microfinance Soro Yiriwaso depuis 8 ans. Elle a pris des prêts dans l’association (prêt solidaire) tous remboursés correctement et elle est à son 11eme prêt en individuel, dont les précédents ont été bien remboursés. Avec ce financement, elle compte acheter, 60 pièces de pagnes wax en provenance de Lomé (Togo). Elle effectue sa vente à domicile à une clientèle constituée de femmes en général, au comptant et souvent à crédit.
Avec ce financement, elle compte sur un bénéfice mensuel de 75.000FCFA, qu’elle envisage utiliser pour le remboursement des taux d’intérêts de Soro, contribuer à l’amélioration de la condition de vie de sa famille 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
  • $10,710,025
    Funds lent in using Kiva
  • 498.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Kadia to buy wax pagnes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 11, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013