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Balimaya Group
In this Group: Ami , Sata , Fanta , Kadia
The Balimaya group is made up of married women and one single woman with an average age of 28 and, on average, 3 children and who all live in extended, traditional family settings in the town of Fana, Dioïla prefecture, Koulikoro region (2nd administrative region of the Republic of Mali). They got to know each other thanks to family and neighbourly relationships, and friendship. They sell clothing, groundnuts, charcoal and drinks. The women of the Balimaya group are on their 6th group loan.

Kadia (first on the left in the picture) plans to buy 2 boxes of hair extensions, 3 boxes of creams, 4 boxes of perfumes, a dozen ready to wear outfits for men and some bed sheets from the suppliers of Cotonou and Burkina, so that she can resell the items in her shop and from her home in Fana. She expects to make an average monthly profit of 75 000 francs, which will be used for her needs (to buy a wedding outfit and matching jewellery). Part of it will also be reinvested in her clothing business.
Les femmes du groupe Balimaya, composé de femmes mariées et une célibataire, ont en moyenne 28 ans, 3 enfants et vivent toutes dans des familles traditionnelles élargies dans la ville de Fana, préfecture de Dioïla, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce habillements, de l’arachide, du charbon de bois et des boissons.
Les femmes du groupe Balimaya sont à leur sixième prêt solidaire.
La cliente KADIA, première personne à partir de la gauche, compte acheter deux cartons de mèche, trois cartons de pommade, quatre cartons de parfums, une dizaine de prêt-à-porter pour homme et des draps avec les fournisseurs de Cotonou et du Burkina pour ensuite vendre dans sa boutique et à la maison au niveau de Fana.
Elle envisage réaliser un bénéfice moyen mensuel de 75 000FCFA qui sera utilisé pour ses besoins (achat de trousseaux de mariage et parures) et une partie est réinvestie dans l’activité de commerce d’habillements.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 489.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $1,650 loan helped a member to buy 2 boxes of hair extensions, 3 boxes of creams, 4 boxes of perfumes, a dozen ready to wear clothes for men, and bed sheets.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013