A loan of $850 helped a member to buy food condiments.

Sabali Group's story

Sabali Group is composed of four married women, who on average are 50 years old and have six children. They live with their husbands and children in nuclear families in Massablacoura, a neighborhood in the city of Bougouni (third administrative region of Mali). They came to know each other through ties of kinship and neighborhood.

Faced with the need to increase their working capital to satisfy their clientele, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso. They need the loans to finance their activities, namely selling salad, cereals and various articles; Fanta B. sells food condiments. This is their eighth loan. Their previous loans have been repaid on schedule.

Mrs Fanta B. intends to use her new loan to buy 5 baskets of tomatoes, 4 sacks of onions, 2 sacks of 25 kilograms of salt and 4 packs of bouillon cubes. She gets her supplies from wholesalers at the great market in Bougouni and retails from her home and at the market, for cash or credit, to a clientele made up of women and men.

Thanks to this loan, she expects to make an average profit of 20,000 CFA francs a month. She will use part of it to reinvest in her business and the remaining amount to repay the loan and pay for healthcare services.

In this group: Maïmouna, Fanta, Maïmouna, Rokia

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Translated from French by Kiva volunteer Robert Mouris

Loan details

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Loan details