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Balimaya Group
In this Group: Wassa , Amy , Mafoune, Aby , Aichata
The five members of the Balimaya group are married women with an average age of 39, and have an average of three children. The majority of them live in monogamous families in Hamdallaye, a popular neighborhood in the city of Sikasso, the third-largest administrative region in Mali. They are on their third loan with the Soro Yiriwaso microfinance institution, and aim to satisfy their customers' requests.

Wassa works selling citrus fruits, and is pictured standing in the middle of the rest of the Balimaya group members. She plans to buy 15 baskets of oranges with her loan, which she will resell on a cash basis on site and from home, to a clientele mainly comprised of women. She hopes to make an average monthly profit of 26,500 francs CFA, part of which will be used to repay her loan and the rest will be saved. Wassa plans to increase her sales so that she can better satisfy her customers.
View original language description ↓
Les cinq membres du groupe BALIMAYA sont des femmes mariées avec une moyenne d’âge de 39 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogamiques à Hamdallaye un des quartiers populaire de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur troisième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Mme Wassa fait le commerce des agrumes dans ce groupe de femmes de BALIMAYA elle se tient au milieu.
Elle compte acheter avec son prêt 15 paniers d’orange qu’elle revend en détail sur place en famille à une clientèle composée pour la majeur partie de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 26 500 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
  • 144
    View loans »
    Mali Loans Fundraising
  • $11,272,850
    Funds lent in using Kiva
  • 513.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $750 loan helped a member to buy citrus fruits.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013