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Balemadjourou Group
In this Group: Djènèba, Baro , Awa , Koroba
The group Balemadjourou of the association Lolo is composed of four married women in Kimparana, Prefecture of San, Region of Ségou (4th administrative region of the Republic of Mali). The members of the group live in large traditional families, and they know one another through community ties, average 45 years of age, and have at least nine children. They operate nearly the same business, namely buying and selling a variety of merchandise (cloth, jewelry, incense, sugar, and tea).

The group members joined the loan program of the micro-finance institution Soro Yiriwaso five years ago and are now on their eighth solidarity loan.

As for the use of the loan, Koroba Traoré intends to buy 40 kg of gueni, 12 kg of magnokisseni , 2 kg of djekalani , and 16 bottles of perfumes of all types. Koroba first of all mixes the gueni with eau de ologne and lets it sit for a week. In the following week, she adds all the perfume and the djekalani and then bottles them. They will be sold for 5,000 to 10,000 francs CFA to a customer base composed essentially of women.

Koroba plans on making a profit of 31,000 francs per month. And the other members hope to make a profit of 29,500 francs. The profits will enable them to repay the loan and to reinvest in enterprise.
View original language description ↓
Le groupe Balemadjourou de l’association Lolo est composé de 4 femmes mariées à Kimparana, préfecture de San, région de Ségou (quatrième région administrative de la république du Mali).
Les membres du groupe Balemadjourou vivent dans des grandes familles traditionnelles. Elles se sont connues à travers le voisinage et ont en moyenne 45 ans et au moins 9 enfants.
Elles exercent presque la même activité à savoir l’achat et la vente de diverses marchandises (tissus, bijoux, encens, sucre et thé).
Les femmes du groupe ont intégré le programme crédit de Soro Yiriwaso depuis 5 ans et sont à leur 8ème prêt solidaire.
Quant à l’utilisation du prêt, Koroba Traoré compte acheter, 40kg de gueni, 12kg de magnokisseni, 2kg de djekalani et 16 bouteilles de parfums de tous genres.
Koroba mélange d’abord le gueni avec le parfum eau de Cologne et le dépose pendant une semaine. La semaine suivante elle ajoute tous les parfums et le djekalani pour ensuite les mettre dans des bouteilles qui seront vendues entre 5 000 et 10 000 FCFA à une clientèle composée essentiellement de femmes.
Koroba compte réaliser un bénéfice de 31000 FCFA par mois et les autres membres espèrent réaliser un bénéfice de 29500FCFA, qui va leurs permettre de rembourser le prêt et de réinvestir dans l’entreprise.

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,188,875
    Funds lent in using Kiva
  • 495.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balemadjourou Group's $1,225 loan helped a member buying ingredients for making incense.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010