A loan of $1,925 helped a member purchase of various articles for re-sale.

Sabaly Group's story

Sabaly is a group of 5 married women, one widow and one divorced woman, with an average age of 38 and on average, 4 children. They mostly live in monogamous families in Mancourani Natien, one of the neighborhoods of the town of Sikasso, 3rd administrative region of Mali. They are on their 7th solidarity loan, working together with the Soro Yiriwaso microfinance institution, with the intention of satisfying their customers’ needs. Their previous 6 loans were correctly reimbursed.

They have various businesses such as selling “Real” African waxcloth, locally produced juices, tomatoes, and various dry goods (oil, sugar, soap, etc.) With their new loan, they intend to buy 6 baskets of tomatoes, 10 sacks of ginger, 1 sack of sugar, 1 jerrycan of 20 liters of cooking oil, and 3 cartons of soaps. They do their buying in the big market of Sikasso town, on weekly marketdays, from wholesalers. The goods are sold for cash, retail, and for credit, out of their homes and in the markets, to a clientele composed itinerant merchants but also of local people.

They each expect to make a monthly average profit of 45,000 F CFA, of which a part will be used for savings and for family expenses and the rest invested back into their businesses. Certain members intend to buy a lot to use to build a family house on and others hope to buy a donkey cart to use when they go to neighboring villages.

In this group: Minata , Kadiatou , Namassa , Awa , Djonta , Mamou , Motié

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Translated from French by Kiva volunteer Teresa Kramer

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Loan details