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Balimaya Group
In this Group: Minata , Niagale, Sata , Nanko
The BALIMAYA group is part of the KANKELE association of Ouelessebougou. The group consists of four women who know one another through family and neighborhood ties. They are, on average, 30 years old, married, and also have an average of three children each. They are involved in various activities, such as buying and selling condiments, which is the case of Minata, sitting first from the right in the photo. These four women live in large traditional families in Ouelessebougou, Cercle of Kati (Koulikoro Region, Republic of Mali). They have been involved in small retail for several years and their goods are in high demand.

Eager to meet the increasing needs of their customers, the members of this group decided two years ago to join Soro Yiriwaso. They are on their third solidarity loan.

Minata, the group's leader, is very well-known in Ouelessebougou, as she excels in the sale of condiments. She plans to use her loan to buy two bags of onions, two baskets of cabbage, half a bag of salt and one box of tomato concentrate. She buys her supplies from wholesalers in Bamako and also locally, and she resells her condiments in Ouelessebougou, for cash or on credit, to a retail customer base consisting of men and women.

She is hoping to make a monthly profit of 40,000 CFA francs, which will allow her to repay her loan and reinvest in her business.
View original language description ↓
BALIMAYA est un groupe de l’association KANKELE de OUELESSEBOUGOU. Il regroupe 4 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 30 ans, sont. mariées et mères de 3 enfants. Elles mènent différentes activités telles l’achat vente de condiments à l’image de MINATA qui est la personne assise de la droite vers la gauche de la photo. Elles vivent dans des grandes familles traditionnelles à OUELESSEBOUGOU dans la préfecture de Kati (Région de Koulikoro, République du Mali). Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
MINATA, qui est la présidente du groupe et très connue à OUELESSEBOUGOU, excelle dans la vente de condiments. Elle compte utiliser son prêt pour acheter 2 sacs d’oignon, 2 paniers de choux, ½ sac sel et 1 carton de concentrée de tomate. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses condiments à OUELESSEBOUGOU, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 40.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 508.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $600 loan helped a member to buy condiments for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013