A loan of $600 helped to buy wool.

Mariam's story

Mariam is 56 years old, married, and mother of eight children. She lives in a polygamous family in the city of Koutiala.

Due to family problems, Mariam was not able to continue her primary school studies. That is why she quickly fell back on income-generating activities by learning how to knit wool. She has been excelling in this business of knitting and selling wool, which she learned from catholic nuns, for 15 years now. She currently works at home, and she has a good reputation because she receives many orders for mats, scarves, and baby clothes each month.

To ensure that her customers are well satisfied, Miriam did not hesitate in deciding to join the institution, Soro Yiriwaso, four years ago. After five solidarity loans (group loans) and two individual loans that were all correctly repaid, she is now on her third loan.

She stocks up in Koutiala and plans to buy three boxes of wool from retail sellers. She sells her wares for cash or credit in the city of Koutiala to a customer base made up of women. She expects to earn a monthly profit of 100,000 FCFA, which she plans to use to pay back the interest on the loan and contribute to covering her family's daily expenses. She counts on financing from Soro Yiriwaso.

Translated from French by Kiva volunteer Holden Ferry

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Loan details