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Balimaya Group
In this Group: Awa , Mariam , Awa, Ramata
The group Balimaya is composed of four women, who are all married and living for the most part in monogamous households. The women average 32 years of age and four children each, all living in Djalakorodji, a district in Bamako. And they know one another through tontines in the area and their revenue-generating businesses. The group members have small-scale businesses involving children’s clothing of the best qualities, condiments, and peanut butter.

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

Ms. Awa (the woman sitting at the far left in the photo) is famous for selling children’s clothing of the best qualities. She intends to use this loan to purchase 80 outfits wholesale. She gets her supplies at the big market. Her sales are made to a customer base composed mostly of women.

With this loan, Ms. Awa plans on making an average monthly profit of 80,000 francs CFA that will be used for meeting the children’s sundry needs. The rest will be used to invest in her work. She is counting a lot on the Soro Yiriwaso partnership to achieve her goals, which include expanding her business.
View original language description ↓
Le groupe Balimaya est constitué de quatrefemmes toutes mariées et vie dans des ménages majoritairement monogamiques. Elles ont en moyenne d’âge 32 ans et 4 enfants. Elles habitent toutes à Djalakorodji l’un des quartiers de Bamako. Elles se sont connues à travers des tontines dans le quartier et leurs activités génératrices de revenu.Les membres du groupe font le petit commerce d’habits pour enfants de meilleures qualités, de condiments et de pâtes d’arachides.Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de rejoindre Soro Yiriwaso et sont à leur 3ème cycle en prêt solidaire.
Madame Awa(Femme assise à l’extrême gauche sur la photo) a une grande réputation dans la vente des habits (enfants) de meilleures qualités. Elle compte utiliser ce prêt pour acheter 80 complets en gros. Elle s’approvisionne au grand marché.La revente s’effectue à Djalakorodji et au comptant à une clientèle composée majoritairement de femmes. Madame Awa compte réaliser avec ce prêt un bénéfice mensuel moyen de 80000 FCFA, qui sera utilisé pour satisfaire les petits besoins de ses enfants et investir le reste dans ses activités. Madame compte beaucoup sur le partenariat de Soro Yiriwaso pour l’atteinte de ses objectifs qui est l’élargissement de 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
  • 11
    View loans »
    Mali Loans Fundraising
  • $10,309,100
    Funds lent in using Kiva
  • 479.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $1,675 loan helped a member to purchase children's clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014