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Balimaya Group
In this Group: Alima , Fatoumata, Sali , Mamou
The four members of the Balimaya group are all married women living in traditional extended families and averaging 33 years of age, with four children. They all live in the town of San in the Segou Region (the fourth administrative region of Mali) and know each other as neighbors and relatives. They buy and resell food condiments and miscellaneous items.

With the goal of bolstering their work capital, the group members have joined the Soro Yiriwaso microfinance institution, and are now on their 2nd solidarity loan. Mrs. Sali (the first one standing on the right in the photo) successfully sells corn meal mash. Her business is very popular in the neighborhood.

She plans to use her loan to buy 40 pails of peanut paste. She buys from nuns at the local Catholic church. She retails for cash and on credit to a customer base composed mainly of women.

With this loan, Mrs. Sali plans to achieve an average monthly income of 15,000 West African Francs, which will be used to reinvest in the business and to help her husband with family expenses, as well as to repay Soro Yiriwaso’s loan in a proper fashion.
View original language description ↓
Toutes mariées dans des familles traditionnelles élargies, les quatre femmes du groupe Balimaya ont en moyenne 33 ans et 4 enfants. Elles habitent toutes la ville de SAN dans la région de Ségou (4ème région administrative du Mali) et se sont connues à travers des liens de voisinage et de parenté. Elles font l’achat et la vente de condiments alimentaires et le commerce d’articles divers.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont adhéré à l’institution de microfinance Soro Yiriwaso et sont à leur 2 eme prêt solidaire.
Madame, SALI (première femme debout de la droite vers la gauche sur la photo) excelle dans la vente de pâte alimentaire. Elle est très sollicitée dans son quartier.
Elle compte utiliser son prêt pour acheter, 40 seaux de pâte d’arachide elle s’approvisionne auprès des sœurs à l’église catholique. Elle effectue ses ventes au comptant, en détail et à crédit à une clientèle composée essentiellement de femmes.
Avec ce prêt, Madame Sali espère réaliser un bénéfice mensuel moyen de 15000 FCFA qui sera utilisé pour être réinvesti dans l’activité et aider son conjoint dans la prise en charge des besoins du foyer et au remboursement correcte du prêt Soro Yiriwaso.

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
  • 499.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $425 loan helped a member to buy peanut paste.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012