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Fanta Mahine
Fanta Mahine was born in November 1979 in Bamako. She is single, and lives with her older brother as part of a traditional family in Wayerma I, a popular neighborhood in the town of Sikasso (located in the third-largest administrative region of Mali). For about five years she has worked buying and selling high-grade pagnes [traditional wraparound cloth], sheets, embroidered fabrics, and similar items. She works from home and on the streets of Sikasso, where she is in great demand among her customers due to the quality of her products.

To meet the needs of her ever-growing customer base, Fanta Mahine decided to join the Soro Yiriwaso microfinance institution five years ago. After several group loans as part of a local women's association, she is now on her fifth individual loan. She plans to use the loan to buy 25 lengths of pagne, 10 sets of embroidered fabric and 20 pairs of sheets. Fanta Mahine buys her merchandise locally and in Bobo Dioulasso (in Burkina Faso), before reselling her products on the street on a cash and credit basis. Her customers are mainly female. She has repaid her prior loans without incident.

With this loan Fanta Mahine hopes to make a monthly profit of 60,000 francs CFA, which she will use to increase her working capital, contribute to covering the family expenses, and pay the interest on her loan.
View original language description ↓
Fanta Mahine est née en Novembre 1979 à Bamako. Elle est célibataire et résidant chez son grand frère dans une famille traditionnelle à Wayerma I, un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du Mali).
Fanta Mahine mène il y a environ cinq ans des activités d’achat et de vente des pagnes wax, draps, tissus brodés, etc. Elle mène son activité à son domicile et de façon ambulante dans la ville de Sikasso 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 maintenant cinq ans. Après plusieurs prêt solidaires dans une association des femmes de sa localité, elle est à son cinquième prêt individuel avec lequel elle est compte acheter 25 pièces de pagne wax, 10 complets de tissus brodés et 20 paires de draps. Elle achète ses marchandises sur place et à Bobo Dioulasso (au Burkina Faso) avant de les revendre en détail de façon ambulante au comptant et à crédit à une clientèle composée essentiellement des femmes. Les prêts précédents ont été correctement remboursés.
Elle envisage réaliser avec ce prêt un bénéfice mensuel de 60 000 FCFA qui sera utilisé pour augmenter son fonds de commerce, contribuer aux dépenses familiales et payer les intérêts de son prêt.

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
  • 494.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Fanta Mahine to buy high-grade pagnes [traditional cloth], sheets and embroidered fabrics.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014