A loan of $425 helped a member to buy peanut paste.

Balimaya Group's story

The four members of the Balimaya group are all married women living in traditional extended families and averaging 33 years of age, with four children. They all live in the town of San in the Segou Region (the fourth administrative region of Mali) and know each other as neighbors and relatives. They buy and resell food condiments and miscellaneous items.

With the goal of bolstering their work capital, the group members have joined the Soro Yiriwaso microfinance institution, and are now on their 2nd solidarity loan. Mrs. Sali (the first one standing on the right in the photo) successfully sells corn meal mash. Her business is very popular in the neighborhood.

She plans to use her loan to buy 40 pails of peanut paste. She buys from nuns at the local Catholic church. She retails for cash and on credit to a customer base composed mainly of women.

With this loan, Mrs. Sali plans to achieve an average monthly income of 15,000 West African Francs, which will be used to reinvest in the business and to help her husband with family expenses, as well as to repay Soro Yiriwaso’s loan in a proper fashion.

In this group: Alima , Fatoumata, Sali , Mamou

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Translated from French by Kiva volunteer Katharina S

Loan details

Lenders and lending teams

Loan details