Check out some available loans that are similar to this one!
Sabali Group
In this Group: Fatoumta , Barakissa , Bintou , Awa , Korotoumou
Sabali is a grouping of five women (three married and two widowed) who average 37 years of age and have an average of three children; the majority live in polygamous families in Hamdallaye, one of the districts of the town of Sikasso, the third administrative region of Mali.

They are collaborating with the micro-finance institution, Soro Yiriwaso, in order to satisfy their customers' needs and are on their first loan. They sell condiments, cola and shoes. With their loan they are planning to buy three packets of condiments, one basket of cola and five dozen pairs of plastic shoes.

They get their supplies at the big market in Sikasso town and in the neighboring villages. They sell at home, in markets and walking around the districts, for cash and often on credit, to a customer base made up of men and women.

They envisage making an average monthly profit of 20,000 FCFA each, of which part will be used for savings and family needs, and the rest invested in their business.
View original language description ↓
Sabali est un regroupement de 5 femmes (3 mariées et 2 veuves) ayant une moyenne d’âge de 37 ans, 3 enfants et vivant la plupart dans des familles polygames à Hamdallaye 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 premier prêt.
Elles font la vente de condiments alimentaires, de cola et de chaussures.
Avec leur prêt, elles comptent acheter, 3 paquets de condiments alimentaires, 1panier de cola et 5 douzaines de paires de chaussures en plastique.
Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages avoisinants. Elles vendent à domicile, dans les marchés et dans les quartiers de façon ambulante, au comptant et souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 20.000FCFA 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
  • 38
    View loans »
    Mali Loans Fundraising
  • $10,748,325
    Funds lent in using Kiva
  • 481.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabali Group's $525 loan helped a member purchase of various items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 20, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010