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Balimaya Group
In this Group: Aichata , Aby , Sitan , Mafoune , Aminata
The members of the BALIMAYA group are mostly married women who are on average 33 years old and have three children each. Most of them live in monogamous families in Hamdallaye, one of the working-class neighborhoods of the city of Sikasso (third administrative district of Mali). This is their first loan with the Soro Yiriwaso micro-finance institution; their goal is to meet their customers' needs. Aichata is the woman standing in the middle. Aichata buys and sells oranges. With her loan, she is planning to buy ten baskets of oranges which she will sell for retail at the Médine market in Sikasso and also from her home, for cash, to mostly female customers. She expects average monthly profits to reach 17,500 CFA francs, part of which will be used to pay off the loan and interests, while the rest will go into savings. Her goal is to increase her turnover in order to better satisfy her customers.
View original language description ↓
Les membres du groupe BALIMAYA sont essentiellement des femmes mariées avec une moyenne d’âge de 33 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogamiques à HAMDALLAYE, un des quartiers populaires de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame AICHATA se tenant au milieu fait le commerce d’orange.
Elle compte acheter avec son prêt dix paniers d’orange qu’elle revend en détail au marché de Médine à Sikasso et en famille à une clientèle composée généralement de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 17 500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.
Elle ambitionne d’augmenter son chiffre d’affaire pour mieux satisfaire sa clientèle.

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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 490.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $525 loan helped a member to buy oranges.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 28, 2012