A loan of $925 helped a member to buy used clothing for resale.

Balimaya Group's story

The six members of the group called BALIMAYA are essentially married women with an average age of 31 and on average four children. They mostly live in monogamous families in HAMDALLAYE, one of the working class districts of the town of Sikasso (third administrative region of Mali).

They are on their third loan with the microfinance institution Soro Yiriwaso in order to satisfy the needs of their clientele. Madame FATOUMATA standing third from the right sells used clothing.

She intends to buy a bale of used clothing with her loan amount and she will resell it retail at the market of Médine in Sikasso and within her extended family, to a clientele of men and women, on a cash basis.

She expects to make an average monthly profit of 20,000 F CFA of which a part will be used to pay off the loan and its interest and the rest will be put aside as savings.

In this group: Fatoumata , Sarata , Nahawa , Mama , Adiaratou , Kadiatou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Teresa Kramer

Loan details

Lenders and lending teams

Loan details