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Mahoua is 44 years old, married and the mother of 7 children. She lives with her husband and their children in a large traditional family in Sikasso. After trying several activities without success, for the last 10 years Mahoua has been working as a small-scale retailer, buying and selling clothing supplies (wax cloth known as "pagne," embroidered fabric, etc) and handbags. She buys these items locally from wholesalers from Bamako and Sikasso then re-sells at the market where her products are very much in demand for their high quality. Most of her customers are cleaning ladies and sellers of condiments.

In order to meet the demand from her growing number of customers, she decided to join micro-finance institution Soro Yiriwaso. Mahoua has properly repaid the first loan and is now on her second, which she will use to increase her working capital so she can buy 20 outfits made from embroidered fabric, 15 lengths of "pagne," 15 handbags and women's necklaces. [With this first loan] she expects to make a profit of 175,000 CFA francs a month which she will mostly use to contribute to family expenses and pay interest on the loan. The rest will be reinvested in her business.
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Âgée de 44 ans, Mahoua est mariée et mère de 7 enfants. Elle réside avec son époux et leurs enfants dans une grande famille traditionnelle à Sikasso.
Après plusieurs activités sans succès, Mahoua s’est initiée depuis plus de dix années aux activités de petit commerce notamment à l’achat et à la vente d’habillements (pagne wax, tissus brodé, etc.) et des sacs à main. Elle achète ses marchandises sur places auprès des commerçants grossistes de Sikasso et Bamako avant de les revendre à sa place au marché où ses marchandises sont beaucoup sollicitées de sa clientèle (composée essentiellement de femmes de ménage et vendeuses de condiments) pour leurs qualités.
Dans le souci de mieux satisfaire sa clientèle de plus en plus croissante, elle décida d’intégrer l’institution de microfinance Soro Yiriwaso.
Après avoir correctement remboursé le premier prêt, elle est à son deuxième crédit qu’elle compte utiliser pour augmenter son fonds de commerce afin d’acheter 20 complets de tissus brodés, 15 pièces de pagne wax, 15 sacs à main et des colliers de femmes.
Elle envisage réaliser avec ce deuxième crédit un bénéfice mensuel de 175 000 FCFA qui sera utilisé essentiellement pour 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

  • $1,100
    Average annual income
  • 27
    View loans »
    Mali Loans Fundraising
  • $12,487,700
    Funds lent in using Kiva
  • 486.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD