They work together with the micro-finance institution Soro Yiriwaso so as to satisfy the needs of their clientele and are on their fifth solidarity loan, all the preceding loans having been reimbursed correctly. They have various businesses, among others selling cloth, high quality "pagnes" (lengths of brightly colored African print cloth) and damask fabric, fruit, firewood, dyed products, etc.
With this new loan they expect to buy 3 wagonloads of firewood, 7 bolts of "pagnes", 5 outfits made out of damask, 6 stalks of bananas, 10 baskets of fruit, 20 cloth suits and 4 packs of coloring and ingredients for doing dyeing. They buy their goods at the market in Bamako, in Médine in the town of Sikasso and surrounding neighborhoods.
The merchandise is sold in the various markets of Sikasso and out of their families to a clientele composed of men and women, mostly for cash. They do their dyeing in their families' homes. They each expect to make an average monthly of 22,500 F CFA of which part will be used for family needs and the rest reinvested in their businesses.
The ambition of some of the women of the Danaya group is to be able to buy a lot on which to build a house; other members would like to start up businesses on their own.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur cinquième prêt solidaire, tous les précédents se sont bien dénoués. Elles mènent diverses activités qui sont entre autres la vente de tissus, de pagnes wax et bazins, des fruits, du bois de chauffe, des prestations avec la teinture etc.
Avec ce nouveau prêt, elles comptent acheter, 3chargements de camionnette en bois de chauffe, 7 pièces de pagnes wax, 5 complets de bazin, 6 régimes de bananes, 10 paniers de fruits, 20 complets de tissus et 4 paquets de colorants et ingrédients pour la teinture. Elles s’approvisionnent au marché de Bamako, de Médine à Sikasso ville et dans les localités avoisinantes.
Les marchandises sont vendues dans les différents marchés de Sikasso et dans les familles à une clientèle composée d’hommes et de femmes et la plupart au comptant. Elles font leur prestation de teinture dans leur famille.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 22.500 FCFA dont une partie sera utilisée pour les besoins de la famille et l’autre partie sera investie dans les activités.
Certaines femmes du groupe Danaya ambitionnent acheter un terrain à usage d’habitation et d’autres évoluer en solo.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid