Total loan: $525
Sikasso, Sikasso, Mali / Retail
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A loan helped Buying a variety of goods.
Sabali Group's story
The members of the group Sabali are essentially married women who average 40 years of age and three children living for the most part in polygamous families in Hamdallaye, a district in Sikasso City (3rd administrative region of the Republic of Mali). The women are collaborating with the micro-finance institution Soro Yiriwaso in order to satisfy the needs of their customers and are now on their first loan. The group members sell wax pagnes (colorful West African cloth), fish, soaps, shoes, and potatoes. With their loan, they intend to buy: five bolts of Real wax pagnes, two baskets of smoked fish, five boxes of soap (large bars), four dozen pairs of plastic footwear, and three 100-kg sacks of potatoes. Supplies are gotten at the big market of Sikasso City and in neighboring villages. Sales are made out of the house, in the markets, and door-to-door in the districts. Cash and sometimes credit are accepted from a customer base composed of men and women. The group members each envision making an average monthly profit of 22,500 francs CFA. Part of the profits will be put into savings and used for family needs. The other portion will be invested into the businesses.
Translated from French by Dan Kuey, Kiva Volunteer