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Mariam
Mariam, aged 33, is married and the mother of three children. She lives with her husband in Médine-Sikasso (third administrative region of the republic of Mali).

After being involved in several unsuccessful activities, Mariam started to buy and sell onions over two years ago, at the new market in Médine. She has her own table there and thanks to the quality of her goods, her products are in high demand from her customers.

In order to meet the needs of an increasing number of customers, Mariam decided to join the microfinance institution Soro Yiriwaso two years ago. She is now on her sixth loan, which will help her to increase her business and to buy 35 bags of onions (20 bags of small-bulb onions and 15 bags of large-bulb onions).

Mariam sells her goods for cash to a customer base which mostly consists of housekeepers.

Thanks to this new loan, Mariam is expecting average monthly profits to reach 80,000 CFA francs, which will be used to contribute to the family expenses and to pay off her loan's interest. The rest will be reinvested in her business.
View original language description ↓
Âgée de 33 ans, Madame Mariam est mariée et mère de trois enfants. Elle vit avec son époux à Médine-Sikasso (troisième région administrative de la république du Mali).
Après avoir mené plusieurs activités sans succès, elle s’est initiée depuis plus de deux ans à cette activité d’achat et de vente d’oignons, au nouveau marché de Médine où elle dispose d’une table et où elle est beaucoup sollicitée de sa clientèle pour la qualité de ses produits. Pour satisfaire sa clientèle de plus en plus croissante, elle décida de rejoindre l’institution de microfinance Soro Yiriwaso il y’a deux année. Elle est à son sixième crédit qui lui permettra d’augmenter son fonds de commerce afin d’acheter 35 sacs d’oignons de graines différentes (20 sacs de petites graines et 15 sacs de grosses graines).
Ses marchandises sont vendues au comptant à une clientèle composée essentiellement ds femmes de ménages.
Avec ce nouveau prêt elle envisage réaliser un bénéfice mensuel moyen de 80.000 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
  • 19
    View loans »
    Mali Loans Fundraising
  • $10,748,325
    Funds lent in using Kiva
  • 507.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mariam to buy condiments.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013