A loan of $1,575 helped a member to purchase fabrics.


Miriya Group's story

The members of the Miriya solidarity group are married women who average 40 years of age and six children each. They live with their husbands and children in nuclear families in Sido, prefecture of Bougouni (third administrative region of the Republic of Mali). They came together as neighbours, and through their business activities and ties of kinship. In order to meet customer demand and expand their businesses, they joined the loan program of the Soro Yiriwaso microfinance institution and are now on their 11th loan. All previous loans have been fully repaid. They apply their loans to the sale of non-alcoholic NBB beverages, plastic cooking utensils, and other miscellaneous items. As for Sali D., she sells fabrics and pagnes (colourful West-African cloth). Sali D. plans to use the new loan to buy fifty meters of khaki fabric, ten Wax pagnes, ten fancier pagnes, and ten Burkinabé blankets. She gets her stocks from wholesalers in Bamako, and conducts her retail sales from her home and at the market, for cash or credit, to a customer base consisting of both men and women. With this loan, she expects to earn a monthly profit of 30,000 FCFA, part of which will be reinvested in the business, the remainder to be used for the family’s healthcare expenses.

In this group: Fanta , Sali , Aïcha, Alamako , Djénéba
*not pictured

Translated from French by Kiva volunteer



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Loan details