A loan of $1,025 helped a member to buy spare parts and some millet.

Sabougnouman ((La Bonne Cause) Group's story

The six women of the group Sabougnouman are all married. They average about 42 years of age and 5 children each. The group members live in large traditional extended families in the village of Paridara on the banks of the river (Ségou region, Republic of Mali). They know one another through ties of community and kinship (they belong to the same Bobo ethnicity), and they do almost the same work, selling all sorts of spare parts for motorbikes and bicycles. In addition, these Bobo women sell tchapalo (an alcoholic beverage made locally from millet). The women are in high demand in these businesses of theirs.

To satisfy the ever-growing needs of their customers, the group members found that the solution to their problems was joining the micro-finance institution Soro Yiriwaso, with which they are on their first solidarity loan (group loan). They intend to use this loan to buy sacks of millet and a sizable quantity of spare parts from wholesalers at the San marketplace. The spare parts and the tchapalo are sold in retail cash transactions at the house in Paridara (where there is no marketplace).

The group members each hope to realize an average profit of 65,000 francs CFA in the course of this cycle. The profits will be used to make loan interest payments, to provide for the extended family, and to invest the rest in business. Their ambition is to diversify their commerce by adding the sale of red wine.

In this group: Wana, Agnes, Boitoun, Touhan, Eliza, Founè, Mouwé, Youbasiya, Youbasin, Morowé

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Translated from French by Kiva volunteer Daniel Kuey

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