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Sabaly Group
In this Group: Kotimi Issa , Fanta , Sadio , Setou , Ami , Kotimi Kalifa
The women in the Sabaly group average 44 years of age with four children each and all live in extended traditional families in Bienso/Segou (the Republic of Mali's fourth administrative region). They got to know each other as relatives and neighbors and all have small businesses buying and selling condiments and cereals. Having repaid in full their previous loans, the women in the Sabaly group are on their fifth group loan.

Kotimi Issa, who is standing on the far left of the photo, is planning to use her loan to buy two baskets of tomatoes, 10kg of onions, 25kg of salt and 10kg of chilis. She gets her supplies locally and in the surrounding villages. She sells her products to a customer base made up of men and women, for cash and often on credit. She expects to make an average monthly profit of 28,000FCFA, which will be used for health-related costs, food, clothing and school fees, with the remainder to be reinvested in her business.
View original language description ↓
Les femmes du groupe SABALY ont en moyenne 44 ans, 4 enfants et vivent toutes dans des familles traditionnelles élargies à BIENSO/SEGOU (la quatrième région administrative de la république du Mali).
Ces femmes se sont connues à travers des liens de parenté, de voisinage et font les activités d’achat et de vente des condiments et des céréales. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe SABALY sont à leur 5ème prêt solidaire. KOTIMI ISSA 1ère femme debout de la gauche vers la droite sur la photo compte utiliser son prêt pour acheter 2 paniers de tomate, 10Kg d’oignon, 25Kg de Sel et 10Kg de piment. Elle s’approvisionne sur place et dans les villages environnants. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 28 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.

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.

Tags

About Mali

  • $1,200
    Average annual income
  • 27
    View loans »
    Mali Loans Fundraising
  • $10,710,025
    Funds lent in using Kiva
  • 477.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabaly Group's $950 loan helped a member to buy condiments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 9, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014