Check out some available loans that are similar to this one!
Sabali Group
In this Group: Awa , Mariam, Korotoumou , Awa , Massini , Chata , N’Djinetio
Sabali Group is made up of seven married women who average 26 years of age and four children. They all live in traditional families in Tousseguela, Kolondieba Cercle (third administrative region of Mali) and got to know each other through bonds of kinship, community and marriage.

The members of the group buy and sell cereals, soaps, and condiments. With the aim of bolstering their working capital, they joined Kiva's partner, the MFI Soro Yiriwaso, from which they are now seeking their third solidarity loan (group loan).

Mrs. AWA (sitting in the photograph) is the one selling condiments in the group. She intends to use her loan to buy condiments (boxes of tomato concentrate, boxes of Maggi bouillon cubes, and onions).

She gets her supplies from wholesalers and retails, for cash or on credit, at her home and at the market, to a clientele comprising mostly women.

Thanks to this loan, she intends to turn an average monthly profit of XOF 10'000 (ca US$ 20), to be in part reinvested in her business, and in part used to help her husband cover some family expenses.
View original language description ↓
Constitué exclusivement de 7 femmes mariées, les membres de groupe SABALI vivent dans des familles traditionnelles avec une moyenne d’âge de 26 ans et 4 enfants. Elles habitent toutes dans la ville de Tousseguela cercle de Kolondieba ( 3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce, grains, de savons et de condiments.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame AWA (assise sur la photo) est la vendeuse de condiments du groupe. Elle compte utiliser son prêt pour acheter des condiments (boite de tomate concentrée, carton de cube Maggie et oignon ).
Elle s’approvisionne auprès des grossistes et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée essentiellement de femmes.
Madame compte réaliser avec ce prêt un bénéfice mensuel moyen de 10.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabali Group's $700 loan helped a member to buy tomato concentrate, Maggi bouillon cubes, and onions.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013