A loan of $1,200 helped a member to buy drinks.

Miriya Group's story

Made up of four married women, the members of the group MIRIYA are aged on average twenty-eight years and have an average of two children. They live in traditional extended families with their husbands, co-wives, brothers, and sons. They live in the village of Sido, in the prefecture of Bougouni, the third administrative region of Mali.
They got to know each other from customers, being neighbors, friendship, and business. To strengthen their financial capacity, in order to better stock up, they joined the microfinance institution Soro Yiriwaso, and with which they are at their twelfth loan. All previous loans have been properly repaid. The group of women does business in juice and sweet drinks.
Fanta, the president of the group, in the reddish outfit in the photo, counts on buying 150 bottle racks of non alcoholic drinks from wholesalers in Bamako with their loan, which she will then resell commercially, for cash and credit in the Sido market to a clientele made up of both men and women.
She foresees making an average monthly profit of 40,000francs, which will be invested in her business.

In this group: Fanta , Aïcha , Alamako , Djeneba

Translated from French by Kiva volunteer

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Loan details