A loan of $500 helped to purchase clothing to resell.

Mariam's story

Born around 1975 in Loutana Prefecture in Sikasso, Ms. Mariam is a married mother of seven children. She resides with her husband and their children in a large traditional family in Sanoubougou I Kapel Kourou, one of the outlying districts of Sikasso City. After several unsuccessful businesses, she became familiar with small-scale business about ten years ago, especially in the buying and selling of clothing (wax 'pagne' cloth, handbags, embroidered cloth, etc.). She purchases her goods in Bobo Dioulasso (in Burkina Faso) and then resell them locally at the market, where her goods are much in demand by her customers composed essentially of women.

Concerned about further satisfying her burgeoning customer base, she decided to join the microfinance institution Soro Yiriwaso over a year ago. She benefited from three loans, all correctly repaid. Thus, she is requesting this fourth loan to increase her business capital, so as to purchase 30 lengths of wax 'pagne' cloth, 20 outfits of embroidered fabrics, and 25 handbags.

With this initial loan, she envisions making a monthly profit of 120,000 francs CFA that will be used essentially to pay the loan interest. The rest will be invested in her business.

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details