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Danaya Group
In this Group: Kadia , Rokia , Kadiatou , Djélika
This Danaya group is made up of four women, of whom three are married and living in monogamous families and one is single. They have an average age of 31, on average 3 children, and live in the watchstanders' camp in Ségou (4th administrative region of Mali).

They met in the camp because their husbands are watchstanders, in their neighborhoods, and in their income-generating activities in the big open-air market of Ségou. Wishing to grow their working capital, they decided to collaborate with Soro Yiriwaso and are on their third solidarity loan.

Mrs. Kadiatou B. is much sought after in the watchstanders' camp because of the excellent quality incense she makes and sells. She wants to use her loan to buy ingredients for making incense (cologne, perfumes, and special local ingredients) in the big open-air market of Ségou. To make the incense, she soaks "magnonkissèni" or "n’gueni" in cologne for at least a week, then various perfumes are added. The incense is divided into bottles to be sold retail.

She sells out of her home and also, generally on credit, when walking through the neighborhoods, to a clientele composed essentially of women. She expects to make an average monthly profit of 23,000 F CFA which will be used, following the example of the other members of the group, to put aside as savings and reinvest in their income-generating activities so as to satisfy their ever growing clientele.
View original language description ↓
Le groupe Danaya est composé de 4 femmes dont trois mariées dans des familles monogames et une célibataire. Elles ont en moyenne 31 ans, 3 enfants et habitent le camp de garde de Ségou (4ème Région administrative du Mali).
Elles se sont connues dans le camp à travers des relations de service (leurs maris sont des gardes), de voisinage et de leurs activités génératrices de revenus dans le grand marché de Ségou.
Dans le but d’augmenter leurs fonds de commerce elles ont décidé de collaborer avec Soro Yiriwaso et sont à leur 3ème cycle de prêt solidaire.
Madame Kadiatou B. est très sollicitée dans le camp de garde pour sa préparation et vente d’encens de qualité.
Elle veut utiliser son prêt pour acheter des ingrédients pour la préparation de l’encens (eau de Cologne, parfums, magnonkissèni et n’gueni) au grand marché de Ségou.
Pour préparer de l’encens, on imbibe le magnonkissèni ou n’gueni dans l’eau de Cologne pendant une semaine au moins, ensuite on l’assaisonne avec des parfums. L’encens ainsi fait est reparti dans des bouteilles pour la vente en détail.
Elle revend à domicile et en ambulant généralement à crédit à une clientèle composée essentiellement de femmes.
Elle compte réaliser un bénéfice mensuel moyen de 23 000FCFA qui sera utilisé à l’instar des autres membres du groupe pour épargner et réinvestir dans leurs activités génératrices de revenu afin de satisfaire la clientèle de plus en plus croissante.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 534.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $575 loan helped a member to buy raw materials for making incense.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010