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Sabali Group
In this Group: Mariam , Salimata , Mariam , Salimata
The four members of the Sabali group are all married and are on average 37 years old with 3 children. They live in polygamous households in Hamdallaye, one of the populous areas of the city of Sikasso (3rd administrative region of the Republic of Mali).
They run various businesses which include among others the food service and the sale of fruits, vegetables, and lettuce.
In order to satisfy the rising demands of their clientele and to increase their profits, they are working with the microfinance institution Soro Yiriwaso. They are on their sixth solidarity (group) loan, and all their previous loans were repaid properly.
With this loan, they intend to buy 100 bunches of bananas, 20 packets of condiments, and 300 kg of rice for their food service business. They supply themselves at the market in Médine, in the neighbouring villages, and at the grand market in Sikasso. Their merchandise is sold in cash at the market fairs and to families door-to-door to a clientele composed of men and women.
They foresee realizing an average monthly profit of 16,000 FCFA each, of which one portion will be used for the needs of their families and the remaining portion will be invested in their businesses.
Les quatre membres du groupe Sabali sont toutes mariées avec une moyenne d’âge de 37 ans et 3 enfants. Elles vivent dans des familles polygames à Hamdallaye un des quartiers populaires de la ville de Sikasso (3ème région administrative de la république du Mali.)
Elles mènent diverses activités qui sont entre autres la vente de fruits et légumes, de la salade et la restauration.
Afin de satisfaire le besoin croissant de leur clientèle et d’augmenter leur profit elles collaborent avec l’institution de microfinance Soro Yiriwaso. Elles sont au sixième prêt solidaire et les précédents ont été bien remboursés..
Avec ce prêt, elles comptent acheter, 100 régimes de banane, 20 colis de condiments et 300 kg de riz pour la restauration. Elles s’approvisionnent au marché de Médine, dans les villages environnants et au grand marché de Sikasso. Les marchandises sont vendues au comptant à la foire, dans les familles de façon ambulante à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 16 000 FCFA dont une partie sera utilisée pour les besoins de la famille et l’autre partie sera investie dans les activités.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 27
    View loans »
    Mali Loans Fundraising
  • $9,975,475
    Funds lent in using Kiva
  • 494.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabali Group's $825 loan helped a member to buy bananas and ingredients for food preparation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009