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Balemaya Group
In this Group: Sali , Aminata , Aminata , Fily , Oumou
The five women of the group Balemaya are for the most part married in polygamous households. The women average 39 years of age and five children each. They all live in Bamako Coura, a neighborhood in the district of Bamako. And they know one another through ties of community and their revenue-generating businesses at the Dibida market. The group members work in small-scale commerce involving condiments (parsley, tomatoes, onions, garlic…), yams, clothing, plantains, and potatoes.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle.

Ms. Oumou (the woman sitting second from the left in the photo) is a major vendor of tubers and of fruit & vegetables of the best qualities in her neighborhood. She intends to use her loan to purchase 500 kg of yams at the market. Retail sales are made to a customer base composed mostly of women in Dibida.

With this loan, Ms. Oumou hopes to make an average monthly profit of 45,000 francs CFA that will be used to reinvest in her business and to ensure her children's care.
View original language description ↓
Les cinq femmes du groupe Balemaya sont mariées majoritairement dans des ménages polygamiques; Ellesont en moyenne 39 ans et 5 enfants. Elles habitent toutes à Bamako Coura l’un des quartiers du district de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Dibida. Les membres du groupe font le petit commerce de, condiments (persils, tomates, oignon, ails,…), ignames, habits, bananes plantain et pommes de terre. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Oumou (femme assise en 2ème position de la gauche vers la droite sur la photo) est une grande vendeuse de tubercules, de fruits et légumes de meilleures qualités dans le quartier. Elle compte utiliser son prêt pour acheter 500kg d’igname au marché. La revente se fait en détail au Dibida à une clientèle composée majoritairement de femmes. Madame Oumou espère avoir avec ce prêt un bénéfice mensuel moyen de
45 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien des enfants.

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
  • 13
    View loans »
    Mali Loans Fundraising
  • $11,524,125
    Funds lent in using Kiva
  • 474.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD