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Danaya Group
In this Group: Fatoumata , Sali , Nana , Zouma
The group Danaya of the association Fotemogoban is composed of four married women of the city of Tènè, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional extended families.  They know one another through ties of community and kinship.  They average 43 years of age and have at least eight children.  And they operate nearly the same businesses, namely selling a variety of merchandise and condiments.  Nana Traoré, who is a member of the group, became specialized in selling condiments of all kinds. 

In order to satisfy the needs of their ever-growing customer base, these women found a solution to their problem by having joined the micro-finance institution Soro Yiriwaso four years ago.  They are now on their seventh group loan after having properly repaid the six preceding ones. 
 
Nana Traoré plans on using her loan to buy 40 packets of Maggi (bouillon cubes), 12 sacks of table salt, 400 kg of beans, 2 packets of black pepper, and 20 kg of garlic.  She stocks up wholesale in San and then sells retail in San and in Tènè.  She hopes to make 32,500 francs CFA in profit per month, while the other members intend to make a monthly profit of 29,500 francs.
View original language description ↓
Le groupe Danaya de l’association Fotemogoban est composé de 4 femmes mariées de la ville de Tènè, région de Ségou (quatrième région administrative de la république du Mali). Les membres du groupe Danaya vivent dans des grandes familles traditionnelles élargies. Elles se sont connues à travers le voisinage et la parenté. Elles ont en moyenne 43 ans et au moins 8 enfants.
Elles exercent presque la même activité à savoir la vente de diverses marchandises et condiments alimentaires.
Nana Traoré qui est un membre du groupe s’est spécialisée dans la vente de condiments alimentaires de toutes sortes.
Afin de satisfaire le besoin de leurs clientèles qui ne cesse d’augmenter, ces femmes ont trouvé une solution à leur problème en intégrant l’institution de microfinance Soro Yiriwaso il y a 4ans. Elles sont à leur 7ème prêt de groupe, après avoir correctement remboursés les six précédents.
Nana Traoré compte acheter avec son prêt, 40 paquets de maggi, 12 sacs de sel de cuisine, 400 kg de Haricot, 2 paquets de poivres et 20kg de l’ail.
Elle s’approvisionne en gros à San pour revendre en détail à San et à Tènè.
Nana espère réaliser 32500FCFA de bénéfice par mois tandis que les autres membres prétendent avoir un bénéfice mensuel de 29500FCFA.

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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 495.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,225 loan helped a member buying condiments.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010