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Danaya Group
In this Group: Maimouna , Bintou , Na Bintou , Rokia , Alima , Djéné
The Danaya group is made up of 6 married women, with an average age of 28 and on average, 3 children. They mostly live in monogamous families in Médine, one of the neighborhoods of the town of Sikasso, 3rd administrative region of Mali. They have various businesses, among others selling African “waxcloth”, soap, cosmetics, etc. After having correctly reimbursed the four preceding loans, they are on their 5th loan, working together with Soro Yiriwaso microfinance institution, with the intention of satisfying their customers’ needs. They paid back their previous loan three week early.

With this new loan, they intend to buy 20 lengths of African “waxcloth”, 30 cartons of soaps and 10 dozen cosmetic items. They do their buying in the big market of Sikasso town and surrounding areas. The goods are sold in the markets, walking around the neighborhoods, or in their families, to a clientele composed of men and women, and mostly for cash.

They each expect to make an average monthly profit of 23,000 F CFA, of which a part will be invested back into their businesses and the rest put away as savings.
View original language description ↓
Le groupe Danaya est constitué de 6 femmes mariées ayant en moyenne 28 ans et 3 enfants. Elles vivent la plupart dans des familles monogames à Médine un des quartiers de la ville de Sikasso 3ème région administrative du Mali.
Elles mènent diverses activités qui sont entre autres la vente de pagnes wax, savons, produits de beauté etc.
Après avoir correctement remboursés les quatre prêts précédents, elles sont à leur cinquième collaboration avec l’institution de microfinance Soro Yiriwaso dans le but de satisfaire le besoin de leur clientèle. Le remboursement du prêt précédent a été anticipé de trois semaines.
Avec ce nouveau prêt, elles comptent acheter, 20 pièces de pagnes wax, 30 cartons de savons et 10 douzaines de produits de beauté. Elles s’approvisionnent au grand marché de Sikasso ville et dans les localités avoisinantes. Les marchandises sont vendues au marché, de façon ambulante dans les quartiers, dans la famille, à une clientèle composée d’hommes et de femmes et la plupart au comptant.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 23.000 FCFA dont une partie sera réinvestie dans les activités et l’autre partie en épargne.

Additional Information

Important Information

Soro 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.

About Mali

  • $1,200
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 457.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,325 loan helped a member purchase of various items: waxcloth, soap, cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 18, 2010