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Sabali (Wisdom). Group
In this Group: Tata, Marama, Ramatou, Fanta, Rokia
The Sabali group is made up of women who are on average 44 years old, have 5 children, and live in traditional extended families with their husbands, co-wives, in-laws, brothers, sisters, and children. They all live in the Dar-salam II district in the city of Koutiala (Sikasso region in the Republic of Mali). They have a diverse business, selling fruits and vegetables, grains, clothing, and other food products. Very experienced and enterprising, these Sabali group women sought the help of Soro Yiriwaso’s loan program with plans to increase the size of their business. They have worked with Soro Yiriwaso for 4 years and have benefited from nine group loans, all of which have been properly repaid. They stock up in the villages outside of Koutiala with small fruit and vegetable farmers. They buy the clothes they sell in Bamako or in Burkina Fasso (a neighboring country of Mali). The current loan will be used to buy large quantities of fruits, vegetables, food products, and clothing. These things will be sold retail at the market in Koutiala. They plan to earn 100,000 CFA francs each, which will be used to pay interest on the loan and to help their husbands keep up with the family’s ongoing expenses. In the future, the members of the Sabali group plan to stock peanuts.

Translated from French by Sherry W., Kiva Volunteer.


Le groupe Sabali est composé de femmes ayant en moyenne 44 ans , 5 enfants et vivant dans des familles traditionnelles élargies avec leurs maris, les coépouses, les beaux parents, les frères et soeurs et les enfants. Elles habitent toutes dans le quartier Dar-salam II de la ville de Koutiala (Région de Sikasso République du Mali)
Elles exercent une activité commerciale diversifiée allant de la vente des fruits et légumes à celle des céréales, des habits et des produits alimentairtes. Très expérimentées et entreprenantes dans les activités économiques, ces femmes du groupe Sabali ont sollicité la collaboration du programme crédit de Soro Yiriwaso dans le souci d’augmenter la taille de leurs activités. Cette collaboration date maintenant de 4 ans et elles ont bénéficié de neuf prêts de groupe (prêt solidaire) tous remboursés correctement.
Elles s’approvisionnent dans les villages aux alentours de Koutiala auprès de paysans spécialisés dans la production de fruits et légumes. Pour les habits les achats se font à Bamako ou au Burkina Fasso (Pays voisin du Mali). Le prêt actuel sera utilisé pour acheter des quantités importantes de fruits, de légumes, de produits alimentaires mais aussi des habits. Ces articles seront revendus en détail au marché de Koutiala.
Elles comptent réaliser chacune 100 000 FCFA de bénéfice qui servira à payer les intérêts du prêt et aider leurs maris à faire face aux charges courantes de la famille.Dans l’avenir, les membres du groupe sabali comptent faire du stockage d’arachide.

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
  • 15
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 418.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabali (Wisdom). Group's $1,800 loan helped a member to purchase cloth, peanuts, and misc.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 15, 2008
Listed
Jul 30, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009