A loan of $625 helped a member buy pagnes wax (type of colorful West-African fabric).

Sabougnouma Group's story

The four members of the Sabougnouma group are mainly married women. They are on average 39 years old with five children, and live for the most part in polygamous families in Ouayerma I, one of the working-class neighborhoods of the city of Sikasso (third administrative region of Mali).

They are on their eighth loan with the Soro Yiriwaso micro-finance institution, seeking to meet the needs of their customers. This group of women trade various items: fruits and vegetables, clothing, etc.

Aminata (on the right in the photo) has been trading pagnes wax (a type of colorful West-African fabric) for over five years and wants to become a wholesaler.

The loan will enable her to purchase 15 lengths of various kinds of pagne wax. She resupplies from wholesalers at the general market in Sikasso. She retails them by selling the whole pagne length, or by dividing it into two or three pieces, depending on the client's needs. She sells from her home and as an itinerant vendor, to both men and women customers, for cash only.

She envisions average monthly profits of 22,500 FCFA, part of which will be used to pay off the loan and interest, and the rest put into savings. She wants to increase her turnover to better satisfy her customers.

In this group: Fanta, Mamou, Aminata, Fatoumata

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Translated from French by Kiva volunteer René McConnell

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