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Balimaya I Group
In this Group: Wassa , Fanta , Sadio , Dady , Safoura , Bintou , Mamine , Sitan , Fatoumata , Djeneba
The members of the Balimaya I group are married women who are on average 43 years old with 3 children, and mainly live in polygamous families in Missiritou, one of the villages in the Dioïla prefecture, Koulikoro region, 2nd Administrative Region of the Republic of Mali. They are working with the microfinance partner Soro Yiriwaso in order to better organize their activities during the beginning of the lean season. They cultivate millet, groundnut and beans. They are requesting their second loan; the first was repaid on time.

With this new loan, Sadio C. will buy some supplies and small equipment and pay for labour to maintain about 1.1 hectares of millet and groundnut. The harvest will be sold in the cities of Dioïla and Massigui, to a clientele of both men and women. They expect to earn an average income of 45,000 francs per season.
View original language description ↓
Les membres du groupe Balimaya I sont des femmes mariées avec une moyenne d’âge de 43 ans, 3 enfants et qui vivent la plupart dans des familles polygames à Missiritou, un des villages de la préfecture de Dioïla, région de Koulikoro, 2ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso dans le but de pouvoir mieux organiser leurs activités en début d’hivernage. Les spéculations cultivées sont le petit mil, l’arachide et le haricot.
Elles sont à leur deuxième prêt de campagne et le prêt précédent a été bien remboursé.
Avec ce nouveau prêt, SADIO C. compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environ 1,1 hectare de petit mil et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla et Massigui après les récoltes à une clientèle composée d’hommes et de femmes.
Elles comptent réaliser un bénéfice moyen de 45.000FCFA environ par campagne.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 509.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya I Group's $1,000 loan helped a member labor, seed, fertilizer, herbicide, weeding and small equipment.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 14, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011