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Sabougnouma Group
In this Group: Minata , Ramata , Nana , Toko
The four members of the group Sabougnouma are all married women who average 40 years of age and 3 children each.  They live for the most part in monogamous families in Mancourani II, a district of Sikasso City (3rd administrative region of Mali).  They are working with the micro-finance institution Soro Yiriwaso in order to satisfy the needs of their customers and are now on their sixth solidarity loan.  All the previous loans have been repaid without any difficulties at all.

The group members sell condiments, shoes, and Wax  pagnes (colorful West African cloth).  With their new loan, they intend to buy 20 boxes of condiments, 50 pairs of shoes, and 5 bolts of Wax pagnes.  The merchandise is gotten at the big market of Sikasso City and is sold in Sikasso, in homes, at the marketplaces, and door-to-door in the districts.  Sales are made in cash and often on credit to customers composed of men and women. 

The group members each envision realizing an average monthly profit of 19,500 francs CFA.  A portion of the profits will be put into savings for family needs.  And the other portion will be re-invested into the businesses. 

The women hope to have larger loans to satisfy their customers further and to save more money to provide a future for the children.
View original language description ↓
Les quatre membres du groupe Sabougnouma sont tous des femmes mariées avec une moyenne d’âge de 40 ans, 3 enfants et vivant la plupart dans des familles monogames à Mancourani II, 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 sixième prêt solidaire. Tous les prêts antérieurs ont été remboursés sans aucune difficulté.
Elles font de la vente de condiments alimentaires, de pagnes wax et de chaussures.
Avec leur nouveau prêt, elles comptent acheter, 20 cartons de condiments alimentaires, 50 paires de chaussures et 5 pièces de pagnes wax.
Elles s’approvisionnent au grand marché de Sikasso ville et vendent à Sikasso ville: à domicile, dans les marchés et dans les quartiers de façon ambulante. Elles vendent au comptant, souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 19.500FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera réinvestie dans les activités.
Elles espèrent avoir des prêts plus importants pour mieux satisfaire leurs clientèles et faire de l’épargne pour préparer l’avenir des enfants.

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
  • 74
    View loans »
    Mali Loans Fundraising
  • $10,870,150
    Funds lent in using Kiva
  • 437.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabougnouma Group's $700 loan helped a member to buy various goods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010