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Balimaya (La Parenté) Group
In this Group: Kadiata, Mariam, Bodo , Mariam , Fatoumata
The five women of the group Balimaya are all married and average 42 years of age and 5 children each. They live in large traditional extended families in the Médina Koura district of the city of Koutiala
(Sikasso region, Republic of Mali). They know one another by neighborhood ties, and they do the same work, primarily making bogolan (very pretty mud-cloth that they learned to make from their parents). Secondarily, they make incense.


To satisfy their rich and varied customer base, which increases from day to day, the group members decided to join the micro-finance institution Soro Yiriwaso, with which they are on their seventh solidarity loan (group loan). All the preceding loans have been correctly repaid.


The women plan to use this loan to buy sizable quantities of cotton cloth and some ingredients for incense. Supplies of cloth are gotten from weavers of Koutiala, and the ingredients for incense are purchased from shops selling cosmetics (perfumes and other items). The lengths of cotton cloths are made into the bogolan and then sold retail, as are the incense, in cash transactions at the marketplace and at fairs.


The women each hope to realize an average profit of 115,000 francs CFA in the course of this cycle. The profits will be used to pay the loan interest, to provide for the extended family, and to invest the rest in their work. Their ambition is to expand their businesses and to participate in international fairs.

View original language description ↓
Les cinq femmes du groupe Balimaya sont toutes mariées, elles ont une moyenne d’âge de 42 ans et 5 enfants vivant dans des grandes familles traditionnelles élargies au quartier médina Koura de la ville de Koutiala (région de Sikasso, république du Mali). Elles se sont connues à travers des liens de voisinage et pour la pratique de la même activité. Elles font activité principale la confection de bogolan (pagne orné avec du banco très joli qu’elles ont appris avec les parents) et comme activité secondaire la fabrication de l’encens.
Pour donner satisfaction à sa clientèle riche et variée qui augmente de jour au jour, le groupe Balimaya a décidé d’intégrer l’institution de microfinance Soro Yiriwaso avec laquelle il est à son septième prêt solidaire (prêt de groupe) tous les prêts précédents ont été correctement remboursés .
Elles comptent utiliser ce prêt pour acheter des tissus en cotonnade en grande quantité et des ingrédients pour l’encens. Elles s’approvisionnent en tissus avec les tisserands de Koutiala et les ingrédients de l’encens sont achetés dans les boutiques de vente de produits cosmétiques (parfums et autres).Les pagnes en cotonnade confectionnés en bogolan sont vendus en détail au comptant au marché et dans les foires aussi bien que l’encens.
Elles espèrent réaliser chacune un bénéfice moyen d 115 000 FCFA au cours de ce cycle qui sera utilisé pour rembourser les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités.
Elles ont pour ambition d’agrandir leurs activités et participer à des foires internationales.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 520.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balimaya (La Parenté) Group's $975 loan helped a member to buy cotton cloth and ingredients for incense.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009