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Sabaly Group
In this Group: Minata , Kadiatou , Namassa , Awa , Djonta , Mamou , Motié
Sabaly is a group of 5 married women, one widow and one divorced woman, with an average age of 38 and on average, 4 children. They mostly live in monogamous families in Mancourani Natien, one of the neighborhoods of the town of Sikasso, 3rd administrative region of Mali. They are on their 7th solidarity loan, working together with the Soro Yiriwaso microfinance institution, with the intention of satisfying their customers’ needs. Their previous 6 loans were correctly reimbursed.



They have various businesses such as selling “Real” African waxcloth, locally produced juices, tomatoes, and various dry goods (oil, sugar, soap, etc.) With their new loan, they intend to buy 6 baskets of tomatoes, 10 sacks of ginger, 1 sack of sugar, 1 jerrycan of 20 liters of cooking oil, and 3 cartons of soaps. They do their buying in the big market of Sikasso town, on weekly marketdays, from wholesalers. The goods are sold for cash, retail, and for credit, out of their homes and in the markets, to a clientele composed itinerant merchants but also of local people.



They each expect to make a monthly average profit of 45,000 F CFA, of which a part will be used for savings and for family expenses and the rest invested back into their businesses. Certain members intend to buy a lot to use to build a family house on and others hope to buy a donkey cart to use when they go to neighboring villages.

View original language description ↓
Sabaly est un regroupement composé de 5 femmes mariées, une veuve et une femme divorcée qui ont une moyenne d’âge de 38ans ont en moyenne 4 enfants et vivent dans des familles monogames à Mancourani Natien un des quartiers de la ville de Sikasso 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur septième prêt solidaire après avoir remboursés les six précédents.
Elles font comme activités économiques la vente de pagnes real, des jus de fabrication locale, des tomates et de divers articles de boutique (huile, sucre, savons etc).
Avec leur nouveau prêt, elles comptent acheter, 6 paniers de tomates, 10 sacs de gingembre, 1 sac de sucre, 1 bidon de 20 litres d’huile alimentaire et 3 cartons de savons . Elles s’approvisionnent au grand marché de Sikasso ville le jour de foire auprès des grossistes.
Elles vendent au comptant, en détail et à crédit, à la maison et aux marchés, à une clientèle composée de forains mais aussi de la population locale.
Elles envisagent réaliser chacune un bénéfice mensuel de 45.000 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie dans les activités.
Certaines d’entre elles comptent acheter un terrain à usage d’habitation et d’autres d’acheter un attelage pour les déplacements dans les villages avoisinants.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 457.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabaly Group's $1,925 loan helped a member purchase of various articles for re-sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010