The Malian Solidarity Bank (french: La Banque malienne de solidarité or ) is a

Mali Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Mal ...

an company created in 2002 through an initiative of President

Alpha Oumar Konaré Alpha Oumar Konaré (born 2 February 1946) is a Malian politician, who served as President of Mali for two five-year terms from 1992 to 2002 and was Chairperson of the African Union Commission from 2003 to 2008. Scholarly career Alpha Oumar K ...

. This socially activist bank, based on a

Tunisia ) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , ...

n model, has the struggle against poverty and

unemployment Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the refere ...

as its main objective. The housing bank, founded in 1996, has services which include financing, coordination, and support for small businesses or private individuals, particularly those from disadvantaged groups. The bank offers loans at favorable conditions, asking for less

collateral Collateral may refer to: Business and finance * Collateral (finance), a borrower's pledge of specific property to a lender, to secure repayment of a loan * Marketing collateral, in marketing and sales Arts, entertainment, and media * ''Collate ...

and a lower

interest rate An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, ...

than other banks. It also acts as a savings bank. In November 2021, Lanfia Coulibaly succeeded Alioune Coulibaly at the head of the Malian Solidarity Bank. In 2004, the bank had seven branches throughout Mali, as well as a capital of four billion Central African Francs. The bank has branch offices in

Bamako Bamako ( bm, ߓߡߊ߬ߞߐ߬ ''Bàmakɔ̌'', ff, 𞤄𞤢𞤥𞤢𞤳𞤮 ''Bamako'') is the capital and largest city of Mali, with a 2009 population of 1,810,366 and an estimated 2022 population of 2.81 million. It is located on the Niger Rive ...

, Segou,

Kayes Kayes ( Bambara: ߞߊߦߌ tr. ''Kayi'', Soninké: ''Xaayi'') is a city in western Mali on the Sénégal River with a population of 127,368 at the 2009 census. Kayes is the capital of the administrative region of the same name. The name "Kayes ...

Koulikoro Koulikoro (Bambara language, Bambara: ߞߎߟߌߞߏߙߏ tr. Kulikoro) is a town and Communes of mali, urban commune in Mali. The capital of the Koulikoro Region, Koulikoro is located on banks of the Niger River, downstream from Mali's capital Bam ...

Kidal Kidal ( Tuareg Berber: ⴾⴸⵍ, KDL, Kidal) is a town and commune in the desert region of northern Mali. The town lies northeast of Gao and is the capital of the Kidal Cercle and the Kidal Region. The commune has an area of about and incl ...

, Mopti, and

Sikasso Sikasso ( Bambara: ߛߌߞߊߛߏ tr. Sikaso) is a city in the south of Mali and the capital of the Sikasso Cercle and the Sikasso Region. It is Mali's second largest city with 225,753 residents in the 2009 census. History Sikasso was founded ...

References

Banks of Mali Banks established in 1996 1996 establishments in Mali {{Mali-stub