A loan of $1,250 helped a member to buy fabric.

Miriya Group's story

The group Miriya consists of 4 women, all married, 50 years old on average, with 4 children on average. The live in traditional extended families in the town of Sido.

They met through neighborhood, friendship and business ties. To strengthen their financial capacity in order to better do business, they joined the microfinance institution Soro Yiriwaso, with which they are on their 15th loan. The 14 previous loans were correctly repaid.

This group of women sells fabric just like Fanta who is the first person from left to right [in the photo]. With her loan she plans to buy 50 meters of damask cloth from the wholesalers in Bamako.

She sells at the market and from home, retail for cash and credit to a clientele which consists mainly of women.

She envisions making an average monthly profit of 50,000 FCFA which will be invested in the businesses and used to repay the loan.

In this group: Fanta, Fanta, Sali, Raba

Translated from French by Kiva volunteer S Mason

Loan details

Lenders and lending teams

Loan details