A loan of $625 helped a member to buy onions, charcoal, soap, and cloth.

Sabougnouma Group's story

The members of the group Sabougnouma is composed of three married women and a one who is unmarried who average 25 years of age and one child. They reside in the Médine district of the city of Sikasso and do various kinds of commerce: onions, charcoal, soap, and “pagnes” (colorful West African cloth).

They are collaborating with the micro-finance institution Soro Yiriwaso to satisfy the needs of their customers. They are on their second solidarity loan (group loan). The preceding ones have been correctly repaid. They plan to use this loan to buy ten lengths of WAX and REAL brands of pagnes, thirty boxes of imported soap, fourteen 100-kg sacks of onions, and seventy sacks of charcoal. Supplies are gotten locally in Sikasso and surrounding areas. The goods are sold retail and mostly for cash in the marketplace of Sikasso (Médine and the grand marketplace of the city) and in the districts, to customers composed of women and men.

With this loan, the group members each hope to realize a monthly profit of 17,000 francs CFA that will be used to pay the loan interest, provide for the family, and to invest the rest in their businesses.

In this group: Rose, Sali, Nana, Aby

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Translated from French by Kiva volunteer Daniel Kuey

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