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Sabougnouman Group
In this Group: Minata , Ami , Maimouna , Korotoumou , Aminata , Sanata
The group Sabougnouman comprises six married women in monogamous households. The women average 50 years of age and seven children each, all living in the Sabalibougou area of the Bamako district. They know one another through ties of community and through their revenue-generating businesses at the Sabalibougou market. The group members have small-scale businesses selling condiments (onions, canned tomato paste, …), secondhand clothing, and cloth of all sorts: wax, embroidered, damask.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their second solidarity loan cycle.

Ms. Ami (sitting second from the right in the photo) has a great reputation for selling the best quality of used clothing. She intends to use her loan to purchase wholesale 2 bales of used clothing in Bamako. Accepting cash or credit, she resells the goods to a customer base composed mostly of women in Sabalibougou and by going door to door.

With this loan, Ms. Ami hopes to make an average monthly profit of 50,000 francs CFA that will be used for reinvesting in her business and ensuring healthcare for the children at home.
View original language description ↓
Le groupe Sabougnouman est constitué de six femmes toutes mariées dans des ménages monogamiques. Elles ont en moyenne 50 ans et 7 enfants. Elles habitent toutes dans le quartier de Sabalibougou dans le district de Bamako; Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Sabalibougou. Les membres du groupe font le petit commerce de condiments (oignon, boîtes de tomate concentrée,…), de vêtements de toutes sortes : pagnes wax, brodés, bazins et d’habits de la fripouille. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Ami (femme assise en 2ème position de la droite vers la gauche sur la photo) a une grande réputation dans la vente des habits de la fripouille de meilleures qualités; Elle compte utiliser son prêt pour acheter 2 ballons d’habits de la friperie à Bamako en gros. La revente se fait au comptant et à crédit à Sabalibougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Ami espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les soins de santé des enfants du foyer.

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
  • 86
    View loans »
    Mali Loans Fundraising
  • $10,910,925
    Funds lent in using Kiva
  • 490.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabougnouman Group's $2,450 loan helped a member to purchase secondhand clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014