Funded

Total loan: $700
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Étoile Group

Mali
Sikasso, Mali / Cloth & Dressmaking Supplies

A loan of $700 helped a member to buy 15 pieces of "pagnes Wax" (colorful African cloth).


Étoile Group's story

The seven members of Étoile Group are mainly married women, who average 32 years of age and 5 children. Most of them live in monogamous families in Sanoubougou II, a working-class neighborhood in Sikasso (Third Administrative Region of Mali).

They are seeking their sixth loan from Kiva's partner, the microfinance organization Soro Yiriwaso, in order to meet customer demand. Previous loans were repaid without problems.

Mariam is a member of this group who sells pagnes (colorful African cloth). She's the one standing in the middle in the photograph.

She intends to use her loan to buy 15 pieces of pagnes Wax at the Grand Market in Bamako. She resells them for cash, at a fixed spot at the Grand Market in Sikasso, as well as at her home, to a clientele comprising mostly women.

She intends to turn an average monthly profit of XOF 11.500 (ca US$ 22), to be used in part to repay the loan, and in part to increase her savings.

In this group: Kadiatou , Mariam , Safoura , Nassoun , Nene , Sadio , Dialia
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Patrick Stadelmann



Loan details

Loan length:

8 months
Disbursed date: January 16, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: January 16, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children