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Balimaya Group
In this Group: Bintou , Bintou , Fanta , Assa , Tah , Djeneba, Coumba , Djeneba , Ami
The women of the group BALIMAYA average 27 years of age and two children, all living in traditional extended families in SANTORO II, a district in SAN/SEGOU City (4th administrative region of the Republic of Mali). These women know one another through ties of kinship, and they have businesses buying and selling clothing, beverages, and general goods.

After having correctly paid back their previous loans, the women of the group BALIMAYA are on now on their second solidarity loan. ASSA, the first woman standing at the right in the photo, intends to use her loan to purchase 15 dresses, 3 lengths of Wax ’pagnes’ (the colorful cloth of western Africa), and 15 meters of sheer fabric. She gets her supplies locally from wholesalers. Her sales are made to men and women customers paying with cash and often credit.

She envisions making an average monthly profit of 16,000 francs CFA that will be used for expenses related to healthcare, food, clothing, and schooling. The rest will be reinvested in her business.
View original language description ↓
Les femmes du groupe BALIMAYA ont en moyenne 27ans, 2 enfants et vivent toutes dans des familles traditionnelles élargies à SANTORO II l’un des quartiers de la ville de SAN/SEGOU (la quatrième région administrative de la république du Mali).
Ces femmes se sont connues à travers des liens de parenté et font les activités d’achat et de vente des habits, des boissons et des produits divers. Après avoir remboursés correctement leurs prêts précédents, les femmes du groupe BALIMAYA sont à leur 2 ème prêt solidaire .ASSA, 1ère femme debout de la droite vers la gauche sur la photo ; compte utiliser son prêt pour acheter 15 robes, 3 pièces de Wax et 15 mètres de tissus léger. Elle s’approvisionne sur place chez les grossistes. Elle effectue ses ventes, à une clientèle composée de femmes et d’hommes en espèce et souvent à crédit.
Elle envisage réaliser un bénéfice moyen mensuel de 16 000FCFA qui sera utilisé dans les dépenses relatives à la santé, à la nourriture, à l’habillement, aux frais scolaires et le reste sera réinvesti dans les activités.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 482.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya Group's $1,425 loan helped a member to purchase cloth.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2014
Listed
Jul 11, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014