Check out some available loans that are similar to this one!
Danaya (La Confiance) Group
In this Group: Daly , Nana, Fatoumata , Awa , Diénéba , Massan , Ina
Danaya is a group of women from the Hamdallaye area of the city of Koutiala who know each other well. They live together in the same area, in traditional households with their husbands and children. They are on average 30 years old, married, and have 4 children.
The majority of the women in the Danaya group dye and sell bazin fabric (a type of damask) and shoes.
To increase the size of their businesses, the group members decided to join the credit program of Soro Yiriwaso (one of Kiva's field partners).
One of the members, Daly K., buys, dyes, and sells bazin fabric. She is highly sought-after because she is talented. In addition to her sales, she also frequently receives clients for fabric services.
She intends to use her loan to buy pieces of bazin fabric and dyes. She procures these goods at the grand market in Koutiala at wholesale, and then sells the final articles - the dyed bazin fabric - at retail, in cash and on credit, to a diverse and varied clientele.
While the other members of the Danaya group each intend to realize a monthly profit of 55,000 FCFA throughout the loan cycle, Daly K. herself intends to realize a profit of 65,000 FCFA.
In addition to repaying the loans, they use a portion of their income to meet the current needs of their families.
They aspire to reinforce their partnership with Soro Yiriwaso in order to strengthen their businesses.
Danaya est un regroupement de femmes du quartier Hamdallaye de la ville de Koutiala qui se connaissent bien. Elles vivent ensemble dans le même quartier, dans de familles traditionnelles avec leurs maris et enfants. Elles ont en moyenne 30 ans, sont mariées et mères de 4 enfants.
La majorité des femmes du groupe Danaya fond de la teinture et vente de bazins, de chaussure.
Pour augmenter la taille de leurs activités, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso.
Daly K. qui est un des membres fait l’achat, la teinture et la vente de bazin Elle est très sollicitée car elle a du talent en dehors de ses vente elles reçoit fréquemment des clients pour des services.
Elle compte utiliser son prêt pour acheter, des pièces de bazins et des colorants. Elle se procure de ces marchandises au grand marché de Koutiala en gros pour revendre l’article fini c’est à dire les bazins teints en détail au comptant et a crédit à une clientèle diverse et variée.
Tandis que Les autres membres du groupe Danaya comptent réaliser un bénéfice moyen de 55 000FCFA chacune au cours de ce cycle, Daly K. elle, compte réaliser 65 000 FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses courantes de la famille.
Elles ambitionnent renforcer leur partenariat avec Soro Yiriwaso afin de consolider leurs activités.

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
  • 26
    View loans »
    Mali Loans Fundraising
  • $9,945,750
    Funds lent in using Kiva
  • 491.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya (La Confiance) Group's $725 loan helped a member to buy bazin (damask) fabric and fabric dyes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 16, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011