A loan of $1,625 helped a member to buy grain and condiments.

Sabougnouma Group's story

The group Sabougnouma is composed of six married women, all monogamous, who average 38 years of age and 4 children each. The women live in the hamlet of Bougoula, a rural community of Sikasso (third administrative region of the Republic of Mali). They operate diverse businesses, including the sale of grains, fabrics, Wax pagnes (colorful West African cloth), and condiments. They are on their fourth collaboration with the loan program of the micro-finance institution Soro Yiriwaso in order to satisfy customer demand and to increase their revenues. The preceding loans have all been correctly repaid.

With this new loan, the group members intend to buy forty 50-kg sacks of grain and fifty packages of condiments. Supplies are gotten at the grand marketplace of Sikasso City and in surrounding villages. The merchandise is sold retail, in cash transactions and often on credit, at the different markets of Sikasso City, out of the house, and door-to-door. The customers are composed of women and men.

The group members each envision realizing an average monthly profit of 23,000 francs. A portion will be used to help the husbands with construction, and the other portion will be invested in business and used for making loan payments.

In this group: Anchata, Korotoumou, Sanata, Salimata, Alimata, Awa

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Translated from French by Kiva volunteer Daniel Kuey

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