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Sabougnouma Group
In this Group: Fatoumata , Farma , Mama , Mariam , Fatoumata , Rokia
For the most part married in monogamous households, the six members of the Sabougnouma group are on average 35 years old with three children. They all live in N'tomikorobougou, one of the neighborhoods of Bamako. They became acquainted through neighborhood ties and their income-generating activities at the N'tomikorobougou market.

Members of the group are small retail merchants dealing in pagnes wax (colorful West-African fabric), food preparations, and grain cereals. To increase their stock-in-trade, the group decided to work with Soro Yiriwaso and are in their second group loan cycle.

Mrs. Rokia (the woman sitting on the far left in the photo) is a great seller of pagnes wax. She plans to use her loan to buy 40 lengths of pagne wax fabric in Bamako. Retail sales are made in N'tomikorobougou and as an itinerant vendor, to a clientele composed mostly of women.

Mrs. Rokia hopes to achieve with this loan an average monthly profit of 95,000 CFA francs, to be reinvested in the business and used to meet small household needs.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les six membres du groupe Sabougnouma ont en moyenne 35 ans et 3 enfants. Elles habitent toutes à N’tomikorobougou l’un des quartiers de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de N’tomikorobougou. Les membres du groupe font le petit commerce de, pagnes wax, restauration et céréales. 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 Rokia (femme assise à l’extrême gauche sur la photo) est une grande vendeuse de pagnes wax. Elle compte utiliser son prêt pour acheter 40 pièces de pagnes wax à Bamako. La revente se fait en détails à N’tomikorobougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Rokia compte avoir avec ce prêt un bénéfice mensuel moyen de 95 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 41
    View loans »
    Mali Loans Fundraising
  • $10,437,500
    Funds lent in using Kiva
  • 484.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabougnouma Group's $2,500 loan helped a member buy pagnes wax (colorful West-African fabric).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014