A loan of $675 helped a member to buy fuel, rice, and dry cereals.

Sebedon Group's story

The members of the Sebedon group are married women who are, on average, 41 years old with 6 children. They live in large traditional households with their husbands and children and reside in the village of Timpana, Dioïla prefecture, Koulikoro region, Republic of Mali.
They all come from the same extended family of M. and sell items such as petrol, lubricants, rice, dry cereals, pagnes (a type of brightly-printed West African cloth), harvest goods, food products, etc.
These women came to know about the microfinance institution Soro Yiriwaso (one of Kiva's field partners) thanks to some of their acquaintances in the city of Dioïla, and decided to join with the goal of making their lucrative businesses more durable.
They are on their sixth solidarity (group) loan, and all the previous loans were repaid properly.
With this new loan, they intend to buy a large quantity of dry cereals in order to make couscous, ten bags of paddy rice in N'Diombougou that will be steamed before being sold, 50 litres of petrol, and 10 litres of motor oil in Dioïla. All of these products are re-sold on-the-spot in Timpana and at the market in Dioïla to a clientele composed of women and men.
They foresee realizing a monthly profit of 20,000 FCFA per person. A portion of the profit will be reinvested in their businesses, and the rest used to pay for the daily family expenses.

In this group: Makoro , Awa , Noumousso , Magnine

Translated from French by Kiva volunteer

Loan details

Lenders and lending teams

Loan details