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Sabaly Group
In this Group: Djeneba , Oumou , Fatoumata , Awa , Mariam, Batoma , Fanta , Mariam, Mata
The "Sabaly" group comprises women from the Koko extension area of the city of Koutiala who know each other well and live in large traditional households with their husbands, children, and other family members. They are on average 46 years old, married, and have at least three children.
This group of women sells various items such as pagnes (West African cloth), firewood, condiments, shoes, and secondhand clothing.
To increase the size of their businesses, the members decided to join Soro Yiriwaso's loan program. They are on their second group loan.
Batoma, sitting in front of the two plastic buckets in the photo, sells peanut paste.
She intends to use her loan to buy 150 kg of peanuts at the Koutiala market from the producers, and then transform it into paste. She sells her peanut paste at retail and in cash at home and at the market to a clientele composed mainly of women.
Whereas the other members of the Sabaly group intend to realize an average monthly profit of 120,000 FCFA each over the course of the loan, Ms. Batoma intends to realize 130,000 FCFA a month.
In addition to repaying their loans, the group members will use a portion of their income to pay for their personal expenses and increase their capital.
Sabaly est un regroupement de femmes du quartier Koko extension de la ville de Koutiala qui se connaissent bien et vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 46 ans, sont mariées et mère d’au moins 3 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels les pagnes, du bois de chauffe, des condiments, des chaussures et de friperie.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur deuxième prêt de groupe.
Batoma, première personne assise ayant en face deux seaux en plastiques fait vente de la pâte d’arachide.
Elle compte utiliser son prêt pour acheter, 150 kilogrammes en graines d’arachide au marché de Koutiala auprès des producteurs, qui sera transformé en pâte. Elle vend sa pâte d’arachide en détail et au comptant à la maison et au marché à une clientèle essentiellement féminine.
Tandis que les autres membres du groupe Sabaly comptent réaliser un bénéfice mensuel moyen de 120 000CFA chacune au cours de ce cycle Mme Batoma compte réaliser 138 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnel et augmenter son fond de commerce.

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
  • $10,150,450
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabaly Group's $1,700 loan helped a member to buy peanuts to make and sell peanut paste.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013