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Balimaya (La Sagesse) Group
In this Group: Nana , Louisi , Ami , Farima , Nana , Awa
The six women of the “Balimaya” (wisdom) group are all married and have an average age of 34, and 5 children on average. They live in big traditional extended families in the Darsalam 1 neighborhood of the town of Koutiala (Sikasso region, Republic of Mali). They met through bonds of neighborhood and kinship. They all buy and sell condiments. They are much in demand for this activity.



So as to satisfy the needs of their growing clientele, the Balimaya group decided to join the micro-finance institution Soro Yiriwaso with whom they are on their third solidarity loan (group loan). All the preceding loans have been correctly reimbursed.



They intend to use this loan to buy a considerable amount of condiments (onions, garlic, spices, and peanuts to be processed into peanut butter) in the big market of Koutiala. The merchandise is sold retail, for cash, in the other markets of Koutiala and out of their homes, to a clientele essentially composed of women.



They each hope to make an average profit of 115,000 F CFA during this loan cycle, which will be used to pay the interest on the loan and cover the needs of their extended families, investing the rest back into their businesses.



Their ambition is to diversify their business by including other money-earning ventures.

View original language description ↓
Les six femmes du groupe Balimaya sont toutes mariées avec en moyenne 34 ans, 5 enfants et vivant dans des grandes familles traditionnelles élargies au quartier Darsalam 1 de la ville de Koutiala (région de Sikasso, république du Mali). Elles se sont connues à travers des liens de voisinage et de parenté.
Elles exercent comme activité principale l’achat et la vente des condiments alimentaires. Elles sont très sollicitées dans cette activité.
Afin de satisfaire le besoin de sa clientèle qui ne cesse d’augmenter, le groupe Balimaya a décidé d’intégrer à l’institution de microfinance Soro Yiriwaso avec laquelle il est à son troisième prêt solidaire (prêt de groupe). Tous les prêts précédents ont été correctement remboursés.
Elles comptent utiliser ce prêt pour acheter une quantité importante de condiments (gros oignon, l’ail, les épices, de l’arachide pour les transformer en pâte) au grand marché de Koutiala. Les marchandises sont vendues en détail, au comptant dans les autres marchés de Koutiala et à la maison à une clientèle essentiellement composée de femmes.
Elles espèrent réaliser chacune un bénéfice moyen de 115 000 FCFA au cours de ce cycle qui sera utilisé pour payer les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités.
Elles ont pour ambition de diversifier leur commerce en embrassant d’autres activités génératrices de revenus.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 7
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 467.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya (La Sagesse) Group's $1,300 loan helped a member purchase of condiments for re-sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010