A loan of $1,025 helped buy bags of groundnuts.

Mariam's story

Mariam is 54 years old, married with seven children. She lives with her ​​husband, her co-wife and their children in the town of Koutiala.

Due to family problems, Mariam did not have the opportunity to further her education. From an early age she focused on retail commerce, which she learned at her mother's side.

After trying several income-generating activities, she eventually opted 20 years ago for the retail trade of groundnuts (peanuts). Her reputation is good, as she receives large orders from Koutiaba-based sellers of groundnut paste.

To increase her working capital and expand her business, Mariam approached the Soro Yiriwaso micro-finance institution some seven years ago. As member of an association she was granted 13 group loans, all correctly repaid. She is now ready to receive a second individual loan, the previous one having been fully reimbursed.

With this funding, she plans to purchase 15 bags of groundnuts from Koutiala grain wholesalers. She will then sell retail at the great market to a clientele of women and men, for cash or credit.

She expects this funding will generate monthly profits of 110.000 FCFA she intends to use to reimburse Soro loan interests and contribute to improve her family's living conditions.

Looking to the future, Mariam plans to diversify her business activity.

Translator profile picture

Translated from French by Kiva volunteer René McConnell

Loan details

Lenders and lending teams

Loan details