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Balimaya Ii Group
In this Group: Kala , Alimata , Assan , Awa , Nah , Alimata L , Dicko , Fatoumata , Nassoun , Fatoumata Abdoulaye
The ten members of the group Balimaya II are married women who average 37 years of age and two children each. They live in polygamous families in Missiritou, a village in the Dioïla prefecture, in Koulikoro, Mali's second administrative region.

They are collaborating with the Soro Yiriwaso micro-finance institution to better organize their activities at the start of winter. Their crops include ground peas, millet, peanuts and beans. This is their second farm loan, and the previous loan was repaid without problems.

With this new loan, NASSOUN D. plans to buy inputs and small farming equipment, and pay for the plowing required to maintain 1.3 hectares of ground peas and peanuts. After harvest, the produce is sold in Dioïla to a clientele composed primarily of dealers from the big cities. They hope to make an average profit of approximately 50,000FCFA by end of season.
Les dix membres du groupe Balimaya II sont des femmes mariées qui ont en moyenne 37 ans, ont en moyenne 2 enfants et vivent 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 entre autres, le pois de terre, 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, NASSOUN D. compte acheter les intrants, les petits matériels agricoles et payer les frais de labour pour entretenir environs 1, 3 hectare de pois de terre et d’arachide.
Les productions sont vendues au niveau de la ville de Dioïla après les récoltes à une clientèle composée essentiellement de revendeurs venant des grandes villes.
Elles comptent réaliser un bénéfice moyen de 50.000FCFA environ en fin de 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
  • 20
    View loans »
    Mali Loans Fundraising
  • $10,748,325
    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 Ii Group's $950 loan helped a member to pay for plowing, seeds, fertilizer, herbicide, weeding and small farming 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