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Total loan: $1,625
Sikasso, Sikasso, Mali / Clothing
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Sabali Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy pagnes (a type of brightly-printed West African clothing).
Sabali Group's story
The five members of the Sabali group mostly live in traditional households and are on average 32 years old with three children. They all live in the city of Sikasso (3rd administrative region of Mali) and know each other through familial, neighbourhood, and marital relations. The group members run small businesses selling fabric, pagnes (a type of brightly-printed West African clothing), ginger, rice, and plates. With the goal of increasing their capital, the group members joined Soro Yiriwaso and are on their first solidarity (group) loan cycle. Ms. Wassa (the second woman from the right in the photo) is one of the fabric and pagne retailers in the group. She intends to use her loan to buy ten sets of pagnes. She gets her supplies on the spot from wholesalers and sells her goods at retail, in cash and on credit, at home and at the market, to a clientele composed essentially of women. With this loan, Ms. Wassa intends to realize an average monthly profit of 20,000 FCFA, which will be used to reinvest in her business and to take care of certain household needs.