A loan of $825 helped a member to buy bananas and ingredients for food preparation.


Sabali Group's story

The four members of the Sabali group are all married and are on average 37 years old with 3 children. They live in polygamous households in Hamdallaye, one of the populous areas of the city of Sikasso (3rd administrative region of the Republic of Mali).
They run various businesses which include among others the food service and the sale of fruits, vegetables, and lettuce.
In order to satisfy the rising demands of their clientele and to increase their profits, they are working with the microfinance institution Soro Yiriwaso. They are on their sixth solidarity (group) loan, and all their previous loans were repaid properly.
With this loan, they intend to buy 100 bunches of bananas, 20 packets of condiments, and 300 kg of rice for their food service business. They supply themselves at the market in Médine, in the neighbouring villages, and at the grand market in Sikasso. Their merchandise is sold in cash at the market fairs and to families door-to-door to a clientele composed of men and women.
They foresee realizing an average monthly profit of 16,000 FCFA each, of which one portion will be used for the needs of their families and the remaining portion will be invested in their businesses.

In this group: Mariam , Salimata , Mariam , Salimata

Translated from French by Kiva volunteer



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