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Sabaly Group
In this Group: Aminata , Sali , Korotoumou , Aminata , Ami , Djénéba
Sabaly is a group of married women who live in the Medina Coura district and live in extended, traditional families. They have an average age of 36 years and, on average, 4 children. The women in this group sell various items including medicine, condiments, firewood and charcoal. The group members decided to join Soro Yiriwaso's loan program in order to increase the size of their businesses. This is their 4th group loan.

Aminata, standing 3rd from the right in the picture, plans to use her loan to buy some cartloads of firewood. She gets her supplies in the villages surrounding Koutiala and makes her sales retail or wholesale, for cash or credit, to a varied clientèle. While the other Sabaly group members expect to make a profit of 120 000 francs during this sales cycle, Aminata expects to make 130 000 francs. She will use part of her income to pay off her loan, part of it on personal expenditures, and part of it will be used to increase her working capital.
Sabaly est un regroupement de femmes mariées du quartier Medina Coura qui vivent dans de grandes familles traditionnelles et ayant en moyenne 36 ans et 4 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels, les médicaments, les condiments, le bois de chauffe, le charbon de bois, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur quatrième prêt de groupe.
Aminata debout en troisième position de la droite vers la gauche compte utiliser son prêt pour acheter des chargements de charrettes en bois de chauffe. Elle s’approvisionne dans les villages aux environs de Koutiala et effectue ses ventes en détail et en gros, au comptant et à crédit à la maison à une clientèle diverse.
Tandis que les autres membres du groupe Sabaly comptent réaliser un bénéfice de 120.000CFA chacune au cours de ce cycle, Mme Aminata compte réaliser 130.000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses personnel et augmenter son fonds 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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 494.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabaly Group's $1,225 loan helped a member to buy firewood.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014