A loan of $700 helped a member to buy various goods.


Sabougnouma Group's story

The four members of the group Sabougnouma are all married women who average 40 years of age and 3 children each.  They live for the most part in monogamous families in Mancourani II, a district of Sikasso City (3rd administrative region of Mali).  They are working with the micro-finance institution Soro Yiriwaso in order to satisfy the needs of their customers and are now on their sixth solidarity loan.  All the previous loans have been repaid without any difficulties at all. The group members sell condiments, shoes, and Wax  pagnes (colorful West African cloth).  With their new loan, they intend to buy 20 boxes of condiments, 50 pairs of shoes, and 5 bolts of Wax pagnes.  The merchandise is gotten at the big market of Sikasso City and is sold in Sikasso, in homes, at the marketplaces, and door-to-door in the districts.  Sales are made in cash and often on credit to customers composed of men and women.  The group members each envision realizing an average monthly profit of 19,500 francs CFA.  A portion of the profits will be put into savings for family needs.  And the other portion will be re-invested into the businesses.  The women hope to have larger loans to satisfy their customers further and to save more money to provide a future for the children.

In this group: Minata , Ramata , Nana , Toko
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey



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Loan details