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Penda
Mrs. Penda D. is a divorcee aged 40, mother of three children, who lives in Sanankoroba, a village situated 20 km from Bamako (the capital of Mali) where she is a social worker in the SOS children's village. Sanankoroba is situated in the second administrative region of the Republic of Mali.



Penda sells "pagnes" (lengths of brightly colored African print cloth), bedsheets, fabrics, etc. In her search for complementary financial resources, she decided to join the micro-finance institution Soro Yiriwaso.



She is on her first individual loan after having correctly reimbursed three group loans (solidarity loans) and with this loan she intends to buy 35 "pagnes" and 15 sheets.



She does her buying at the market in Bamako, then sells for cash and credit in Sanankoroba. She hopes to make an average monthly profit of 55,000 F CFA so that she can not only reimburse the loan but also invest in her business and contribute to family expenses.

View original language description ↓
Madame Penda D. est une femme divorcée de quarante trois ans, mère de trois enfants, qui réside à Sanankoroba village situé à 20 kilomètres de Bamako (la capitale du Mali) où elle est assistante sociale au village d’enfants SOS (VSOS). Sanankoroba est situé dans la deuxième région administrative de la république du Mali.
Penda fait le commerce de pagnes, de draps de lit, de tissus etc. Dans ses recherches de ressources financières complémentaires, elle décide de rejoindre l’institution de microfinance Soro Yiriwaso.
Elle est à son premier prêt individuel après avoir correctement remboursés ses trois prêts de groupe (prêt solidaire) et compte avoir avec ce nouveau prêt pour acheter, 35 pagnes et 15 draps de lit.
Elle s’approvisionne sur le marché de Bamako pour revendre à Sanankoroba au comptant et à crédit.
Elle espère réaliser un bénéfice moyen mensuel de 55. 000 F CFA pour pouvoir non seulement rembourser l’échéance du prêt mais aussi investir dans son commerce et contribuer aux dépenses familiales.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,686,675
    Funds lent in using Kiva
  • 495.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Penda purchase of "pagnes" and bedsheets for re-sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010