Check out some available loans that are similar to this one!
Mariam
Born in February 1975 in Sikasso, Mariam is a widow and the mother of three children. She and her children live in her ​​late husband's dwelling in a nuclear family in Wayerma I, one of the neighborhoods in the periphery of Sikasso (third administrative region of the Republic of Mali).

After several unsuccessful activities, Mariam began ten years ago a small business activity involving the purchase and sale of clothing, pagne wax (colorful West-African fabric), handbags and embroidered fabrics.

She buys her goods in Bobo Dioulasso (Burkina Faso) before reselling them at home in Sikasso where her goods are in high demand by her customers (mainly composed of household women and condiment vendors) due to their quality.

In order to better serve her increasing number of customers, she decided to join the Soro Yiriwaso microfinance institution over a year ago. This is her second loan, the previous loan having been correctly repaid.

She is requesting a second loan to increase her working capital in order to buy 30 lengths of pagne wax, 25 complete sets of embroidered clothing and 25 handbags. She plans to achieve monthly profits of 155,000 FCFA which will be used to contribute towards family expenses, pay interest on the loan and invest the rest in her activity.
View original language description ↓
Née en Février 1975 à Sikasso, Mariam est veuve et mère de 3 enfants qui réside chez son feu époux et avec ses enfants dans une famille nucléaire à Wayerma I, un des quartiers périphériques de la ville de Sikasso (troisième région administrative de la république du Mali).
Mariam, après plusieurs activités sans succès, s’est initié depuis plus de dix années à cette activité de petit commerce notamment l’achat et vente de vêtements, de pagne wax, de sacs à main et de tissus brodé. Elle achète ses marchandises à Bobo Dioulasso (Burkina Faso) avant de les revendre à sa place à Sikasso où ses marchandises sont beaucoup sollicitée de sa clientèle (composée essentiellement des des femmes de ménages et vendeuses de condiments) pour la qualité.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida d’intégrer l’institution de microfinance Soro Yiriwaso depuis plus d’une année. Elle est à son deuxième prêt, le prêt précédent a été correctement remboursé.
Ainsi, elle sollicite ce deuxième crédit pour augmenter son fonds de commerce afin d’acheter 30 pièces de pagne wax, 25 complets de tissus brodé et 25 sacs à main. Elle envisage réaliser avec ce crédit un bénéfice mensuel de 155 000 FCFA qui sera utilisé 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
  • 21
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 501.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mariam buy clothing and handbags.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014