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Mahman
Ms. Mahman Sangaré is 44 years old and lives with her seven children and husband in a traditional extended family (in-laws: father, mothers, brothers, and sisters) in the Pelengana Sébénikoro district of Ségou (fourth administrative region of the Republic of Mali). After several unsuccessful attempts at a diploma of basic studies, she tried many income-generating activities but ended up doing commerce in children's clothing and in Wax pagnes (highly valued cloth in West Africa). In addition, she trades in shoes and jewelry (bracelets, earrings, and chains generally called guaranteed in Mali).

Concerned about maintaining her large and growing customer base, she decided to join the Soro Yiriwaso loan program, with which she has had an association for three years. She is on her second individual loan following four group loans (solidarity loans with an association in her district), which were all repaid without difficulty.

With this loan, she intends to buy: 34 children's outfits, 10 pieces of Wax pagnes, and 10 pairs of shoes locally in Ségou and at the grand marketplace of Bamako (capital of the Republic of Mali). This stock will be gotten from wholesale merchants. With a customer base essentially composed of women, she makes her sales in cash at the retail level and also on credit, payable monthly for enterprises, from district to district and out of her home.

Ms. Mahman Sangaré intends to realize a monthly profit of 50,000 francs CFA, which will enable her to increase the size of her business and to cover the expenses of her extended family. Her ambition is to acquire a plot of land for building a house.
View original language description ↓
Madame Mahman Sangaré est âgée de 44 ans et vit avec ses 7 enfants et son époux dans une famille traditionnelle élargie (beau père, belles mères, beaux frères et belles sœurs...) au quartier Pelengana Sébénikoro de Ségou (quatrième région administrative de la république du Mali).
Après plusieurs tentatives sans succès au diplôme d’études fondamentales, elle s’essaya à beaucoup d’activités génératrices de revenus mais finit par faire le commerce d’habits pour enfants et des pagnes wax (des tissus très prisés en Afrique de l’Ouest). En plus elle fait de l’achat et de la vente des chaussures et des bijoux (bracelets, boucles d’oreilles et chaînes généralement appelés garantis au Mali).
Dans le souci de maintenir sa clientèle de plus en plus importante, elle décida de rejoindre le programme crédit de Soro Yiriwaso avec lequel elle est en relation depuis 3 ans. Elle est à son deuxième prêt individuel après 4 prêts de groupe (prêt solidaire avec une association de son quartier) tous remboursés sans difficultés.
Avec ce prêt elle compte acheter, 34 complets pour enfants, 10 pièces de pagne wax et 10 paires de chaussures sur place à Ségou et au grand marché de Bamako (capitale de la république du Mali) auprès de commerçants grossistes. Avec une clientèle essentiellement constituée de femmes, elle effectue ses ventes au comptant en détail et à crédit payable mensuellement au niveau des entreprises, dans les quartiers et chez elle à domicile.
Madame Mahman Sangaré compte réaliser un bénéfice mensuel de 50 000 FCFA.qui lui permettra d’augmenter la taille de ses affaires et épauler son conjoint pour supporter les charges de la famille élargie. Son ambition est d’avoir un terrain à usage d’habitation.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 482.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mahman to buy children's clothing, Wax pagnes, and shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 24, 2008
Listed
Oct 10, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009