Check out some available loans that are similar to this one!
Sabali Group
In this Group: Ami , Fatoumata , Oumou , Djata , Rokia
The five members of the Sabali group (three are married and two are widows) are on average 42 years of age and have five children. Most live in polygamous families in Kamalen Sirakoro, one of the villages in the Sikasso area, in the third administrative region of Mali.

They have been working with the Soro Yiriwaso MFI to satisfy their customers’ needs and are now requesting a tenth group loan. All preceding loans have been correctly repaid.

They sell food condiments, plastic shoes, charcoal and smoked fish. With the loan they intend to buy:
• 5 packages of condiments
• 85 100-kilo bags of charcoal
• 12 dozen pairs of plastic shoes
• 35 kilos of smoked fish

They go to the central market in Sikasso and in area villages to resupply. They sell in the markets of Kamalen Sirakoro, as itinerant vendors or from their homes, for cash and often on credit, to a customer base of both men and women.

They hope to reach average monthly earnings of 20,500 FCFA each, part of which will be used for savings and family expenses, the remainder being reinvested in the business.
View original language description ↓
Les cinq membres du groupe Sabali, trois femmes mariées et deux veuves ont en moyenne 42 ans et 5 enfants. Elles vivent la plupart dans des familles polygames à Kamalen Sirakoro, un des villages de la commune 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 dixième prêt solidaire. Tous les prêts précédents se sont bien dénoués.
Elles font la vente de condiments alimentaires, de chaussures en plastique, du charbon de bois et du poisson fumé.
Avec leur nouveau prêt, elles comptent acheter, 5 colis de condiments, 85 sacs de 100kg de charbon de bois, 12 douzaines de paires de chaussures en plastique et 35 kg de poisson fumé.
Elles s’approvisionnent au marché de Sikasso ville et dans les villages avoisinants. Elles vendent aux marchés de Kamalen Sirakoro, de façon ambulante et à domicile, au comptant et souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 25.500 FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, 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
  • 150
    View loans »
    Mali Loans Fundraising
  • $11,260,000
    Funds lent in using Kiva
  • 485.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabali Group's $1,300 loan helped a member buy various products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2010
Listed
Mar 4, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010