Funded

Total loan: $1,075
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Balemaya Group

Mali
District de Bamako, Mali / Food Production/Sales

A loan of $1,075 helped a member to purchase tubers.


Balemaya Group's story

The five women of the group Balemaya are for the most part married in polygamous households. The women average 39 years of age and five children each. They all live in Bamako Coura, a neighborhood in the district of Bamako. And they know one another through ties of community and their revenue-generating businesses at the Dibida market. The group members work in small-scale commerce involving condiments (parsley, tomatoes, onions, garlic…), yams, clothing, plantains, and potatoes.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their first solidarity loan cycle.

Ms. Oumou (the woman sitting second from the left in the photo) is a major vendor of tubers and of fruit & vegetables of the best qualities in her neighborhood. She intends to use her loan to purchase 500 kg of yams at the market. Retail sales are made to a customer base composed mostly of women in Dibida.

With this loan, Ms. Oumou hopes to make an average monthly profit of 45,000 francs CFA that will be used to reinvest in her business and to ensure her children's care.

In this group: Sali , Aminata , Aminata , Fily , Oumou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey



Loan details

Loan length:

7 months
Disbursed date: March 10, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: March 10, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children