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Balimaya Group
In this Group: Fatoumata, Batoma , Fanta , Ramatou
The Balimaya group is made up of married women who average 24 years old and on average have five children. They live in traditional extended families with their husbands, other wives, brothers and sons in the Dialanikoro neighborhood in the town of Bougouni. The know each other from neighborhood, friendship, and business ties.

To increase their financial capacity in order to better conduct their business, they joined the micro-finance institution Soro Yiriwaso, with whom they are on their eighth loan. The seven previous loans have all been repaid on time.

This group of women mainly sells different types of dishes.

Fatoumata, who is the president of the group, is the first women on the right in the photo. She sells dishes and hopes [to buy] with her loan three dozen dishes from the wholesale retailers in Bamako. She sells her goods in a market and from home, in cash and in credit to customers who are mainly women.

She hopes to earn an average monthly profit of 45,000 francs CFA, which will [used to] invest in the business and to repay the loan.
View original language description ↓
Le groupe BALIMAYA est constitué de femmes toutes mariées ayant une moyenne d’âge de 24 ans et 5 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier Dialanikoro de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur huitième prêt. Les sept précédents prêts ont été correctement remboursés. Ce groupe de femmes fait essentiellement le commerce de .tasses
FATOUMATA, qui est la présidente du groupe est la première femme de la droite vers la gauche dans la photo. Elle fait l’achat vente de tasses et compte acheter avec son prêt, trois dizaines de tasses avec les commerçants grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 45.000FCFA qui sera investi dans les activités et rembourser le prêt.

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

  • $1,100
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $11,391,900
    Funds lent in using Kiva
  • 503.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD