Funded

Total loan: $1,525
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Balimaya Group

Mali
Sikasso, Mali / Clothing

A loan of $1,525 helped a member to buy pagnes.


Balimaya Group's story

The 6 members of the Balimaya group are primarily married women with an average age of 30 and, on average, 3 children. Most of them live in monogamous households in Médine, one of the popular districts of the town of Sikasso (3rd administrative region of Mali). This is their first loan from the microfinance institution Soro Yiriwaso, which they have requested in order to be able to meet customer demand.

The Balimaya group member Sanata, third from right in the picture, sells onions. She plans to use her part of the loan to buy 10 pieces of wax pagnes (highly decorative and colourful West African fabric) and 5 pieces of "pagne real" at Sikasso town's Grand Market. She and her family resell the pagnes from a fixed spot at the Sikasso Grand Market to a clientèle largely made up of women, for cash. She envisages making an average monthly profit of 27 500 francs, some of which will be used pay off her loan and the interest and some of which will be used to build her savings.

In this group: Safoura , Sanata , Saly , Mariam , Rokiatou, Safoura
*not pictured

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Loan details

Loan length:

8 months
Disbursed date: February 6, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 6, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children