A loan of $975 helped a member to buy items to sell in a shop.

Sabali Kagni Group's story

The SABALI KAGNI group is composed of married women who are, on average, 32 years old with 2 children. Most of them live in polygamous families in SIEKOURANI, one of the villages of the Loulouni commune, prefecture of Kadiolo (Sikasso), third administrative region of Mali. This is their fourth loan with the Soro Yiriwaso microfinance institution. They are requesting the loan to satisfy the needs of their customers; all three previous loans have been fully repaid. In this group of Sabali Kagni women, ADAM S. sells shop items. With her loan, she plans to buy 10 cartons of cigarettes, 50 kg of sugar, 1 carton of condensed milk, 2 cartons of tea, 1 drum of vegetable oil, and one packet of other items. She gets her supplies at the Sikasso Grand Market and sells them to a clientele composed of men and women for cash in her shop in Siékourani village, in front of the goudron [a tarmac road, the National Route] that goes to Zegoua. She hopes to make an average monthly profit of 37,500 CFA, part of which will be used to pay down the principal and interest of her loan and the remainder for her savings.

In this group: Zermene, Adam, Assitan, Ramata, Adiarra, Fatoumata

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Translated from French by Kiva volunteer Connie Archea

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