A loan of $500 helped a member to buy rice.

Balel Group's story

Balel Group is made up of five women, who are mainly widows. They average 42 years of age and four children. They all live in Hamdallaye, a neighborhood in Ségou (4th administrative region of Mali) and got acquainted through their money-earning activities at the Médine market in Ségou.

They sell rice, fruits (oranges and bananas), pagnes Wax (colorful African cloth), and firewood. In order to bolster their working capital, the members of the group joined Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their eleventh solidarity loan (group loan).

Mrs. Awa (standing on the left in the photograph) is a big rice seller at the Médine market in Ségou. She intends to use her part of the loan to buy 2 sacks of rice at the Grand Market in Ségou, from stallholders coming from "Office du Niger" (a cultivation area in Inner Niger Delta).

She resells for cash and on credit to a clientele comprising mostly men. With this loan, Mrs. Awa hopes to turn an average monthly profit of XOF 30'000 (ca US$ 60), to be in part used to ensure she can provide for her children, and in part reinvested in her business.

In this group: Sitan, Fatoumata, Awa, Sitan Sekou, Sanata

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Translated from French by Kiva volunteer Patrick Stadelmann

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