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Sabaly Group
In this Group: Awa , Djonta , Kadiatou , Sirantou , Minata
The five members of the group called Sabaly are married women; on average, they are 38 years old and have two children each. The live in monogamous families in Mancourani Natien, one of the neighborhoods of the city of Sikasso (third administrative region of the Republic of Mali).

In order to satisfy the needs of their clientele, this is their fifth collaboration with the micro-finance institution Soro Yiriwaso. All of their previous loans have been fully reimbursed. This group of women have businesses selling clothes and food, such as onions. For example, Kadiatou Diabete intends to purchase eight 100 kilogram sacks of onions with her loan. She will purchase her supplies in the large market of Médine and in the towns neighboring the city of Sikasso. She will resell the goods in the large market of Sikasso and from her home at retail prices, for cash and often for credit. Her clientele is composed mostly of women.

She hopes to earn an average monthly income of 27.500 FCFA, one part of which she will use for her family's expenses and the rest she will re-invest in her business.
View original language description ↓
Les cinq membres du groupe SABALY sont des femmes mariées ayant une moyenne d’âge de 38 ans, 2enfants et vivant dans des familles monogames à MANCOURANI NATIEN, un des quartiers de la ville de Sikasso (3ème région administrative de la république du Mali).
Elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Tous les prêts précédents ont été bien remboursés. Ce groupe de femmes fait le commerce du vestimentaire et de l’alimentaire tels que les oignons avec KADIATOU D., qui compte acheter avec son prêt, 8 sacs de 100kg d’oignon.
Elle s’approvisionne au grand marché de Médine et dans les villages avoisinants de la ville de Sikasso. Elle les revend au grand marché de Sikasso ville et en famille en détail, à une clientèle composée essentiellement de femmes, au comptant et souvent à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500 FCFA dont une partie sera utilisée dans les dépenses 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
  • 7
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 501.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabaly Group's $750 loan helped a member to purchase onions.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 16, 2011