A loan of $1,300 helped a member purchase of condiments for re-sale.

Balimaya (La Sagesse) Group's story

The six women of the “Balimaya” (wisdom) group are all married and have an average age of 34, and 5 children on average. They live in big traditional extended families in the Darsalam 1 neighborhood of the town of Koutiala (Sikasso region, Republic of Mali). They met through bonds of neighborhood and kinship. They all buy and sell condiments. They are much in demand for this activity.

So as to satisfy the needs of their growing clientele, the Balimaya group decided to join the micro-finance institution Soro Yiriwaso with whom they are on their third solidarity loan (group loan). All the preceding loans have been correctly reimbursed.

They intend to use this loan to buy a considerable amount of condiments (onions, garlic, spices, and peanuts to be processed into peanut butter) in the big market of Koutiala. The merchandise is sold retail, for cash, in the other markets of Koutiala and out of their homes, to a clientele essentially composed of women.

They each hope to make an average profit of 115,000 F CFA during this loan cycle, which will be used to pay the interest on the loan and cover the needs of their extended families, investing the rest back into their businesses.

Their ambition is to diversify their business by including other money-earning ventures.

In this group: Nana, Louisi, Ami, Farima, Nana, Awa

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Translated from French by Kiva volunteer Teresa Kramer

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