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Balimaya Group
In this Group: Safoura , Sanata , Saly , Mariam , Rokiatou, Safoura
The 6 members of the Balimaya group are primarily married women with an average age of 30 and, on average, 3 children. Most of them live in monogamous households in Médine, one of the popular districts of the town of Sikasso (3rd administrative region of Mali). This is their first loan from the microfinance institution Soro Yiriwaso, which they have requested in order to be able to meet customer demand.

The Balimaya group member Sanata, third from right in the picture, sells onions. She plans to use her part of the loan to buy 10 pieces of wax pagnes (highly decorative and colourful West African fabric) and 5 pieces of "pagne real" at Sikasso town's Grand Market. She and her family resell the pagnes from a fixed spot at the Sikasso Grand Market to a clientèle largely made up of women, for cash. She envisages making an average monthly profit of 27 500 francs, some of which will be used pay off her loan and the interest and some of which will be used to build her savings.
Les six membres du groupe BALIMAYA sont essentiellement de femmes mariées avec une moyenne d’âge de 30 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogames à MEDINE, 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. Elles font l'achat vente d'oignon,de pagnes, de produits alimentaires etc.
SANATA fait le commerce de pagnes dans ce groupe de femmes de BALIMAYA, elle se tient en troisième position à partir de la droite.
Elle compte acheter avec son prêt, 10 pièces de pagnes wax et 5 pièces de pagnes reals au grand marché de la ville de Sikasso.
Elle les revend au grand marché de Sikasso à une place fixe et en famille à une clientèle composée pour la majeur partie de femmes, au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.

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
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $1,525 loan helped a member to buy pagnes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012