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Danaya Group
In this Group: Noumou , Fifi , Bintou , Djeneba
The four women, who are members of Danaya Group, are all married. On average, they are 34 years old and have five children. They live mostly in nuclear families in the neighborhood of Fana Coura in the sub-prefecture of Fana, prefecture of Dioila, in the second administrative region of the Republic of Mali. The group members are neighbors, family members or members of the same business association. They make a living by buying and selling various articles, mostly food condiments and clothes.

After having repaid their previous ten loans on schedule, the women of Danaya Group are now applying for their eleventh group loan, which they will use to buy various food condiments and suits of all kinds and for all age groups. They get most of their supplies from local producers and wholesalers. They sell their products cash, either hawking or at the market, to a clientele made up of women and men.

They expect to make an average monthly profit of 50,000 CFA francs, which they will partly spend on school fees, food and healthcare, and partly reinvest into their businesses.
View original language description ↓
Les quatre femmes du groupe Danaya sont toutes mariées. Elles ont en moyenne 34 ans, 5 enfants et vivent majoritairement dans des familles nucléaires au quartier Fana coura de la ville de la sous-préfecture de Fana, préfecture de Dioila, deuxième région administrative de la république.
Ces femmes se sont connues à travers des liens de voisinage, de parenté, d’activités professionnelles et font essentiellement le commerce d’articles divers tels l’achat et la vente de condiments alimentaires et d’habillements.
Après avoir correctement remboursés les dix prêts précédents, les femmes du groupe Danaya sont à leur onzième prêt solidaire qui sera utilisé pour acheter, des variétés de condiments alimentaires et des complets d’habits de tous genres et tous âges.
Elles s’approvisionnent essentiellement sur place auprès des producteurs et grossistes et effectuent leurs ventes d’une façon ambulante et au marché, généralement au comptant, à une clientèle composée de femmes et d’hommes.
Elles envisagent réaliser chacune un bénéfice moyen mensuel de 50.000FCFA qui sera utilisé dans les dépenses de frais scolaires, de nourriture, de santé et le reste servira à étoffer leur fonds de commerce.

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
  • $10,400,425
    Funds lent in using Kiva
  • 481.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,050 loan helped a member to buy various products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010