A loan of $1,150 helped a member to buy clothing and cereals.

Sabougnouma Group's story

The members of the Sabougnouma group of the Benkadi association are married women who average 36 years of age and 3 children. They live with their husbands and children in large traditional families in the Massigui village, in the Massigui sub-prefecture, Koulikoro region, Republic of Mali.

They got acquainted by links of neighborhood and kinship. They sell various items and do catering. Eager to always have financial support for their businesses, these women work with Kiva's partner, the microfinance institution Soro Yiriwaso. They are seeking their twelfth solidarity loan (group loan). All previous loans were repaid without problem.

They intend to use this loan to buy men's and women's clothing, and a large quantity of cereals for their catering business. The clothes are purchased mostly in Bamako and Fana, whereas cereals and condiments are purchased in the surrounding villages. They sell at the Massigui market, to a clientele comprising both men and women.

They foresee turning a monthly profit of XOF 39'000 (ca US$ 90) each, to be in part used to provide food and healthcare to their families, and in part reinvested into their businesses.

In this group: Sali , Mikili , Fatoumata , Kadiatou

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Translated from French by Kiva volunteer Patrick Stadelmann

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