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Danaya Group
In this Group: Mariam , Batoma , Kadia , Fanta
The women who make up the group Danaya are all married women who are 38 years old on average, have five children and all live in large traditional conjugal families with their brothers, sisters, co-spouses, children and spouses. They live in the neighborhood of Dougounina, which is under the jurisdiction of the city of Bougouni, the third administrative region of the Republic of Mali. They know one another through parental relations. Faced with difficulties in properly buying products due to a lack of financial resources, they decided to join the micro-finance institution Soro Yiriwaso's loan program. They are on their fifth group loan, having settled the balance of their previous four loans. With this loan, the president of the group, Mariam D., expects to buy 200 kg of African locust tree nuts to make "Sounbala," which is very valued in African sauce, as well as 300 kg of dried baobab leaves and 150 kg of bissap. All the spices will be bought in Bougoni and its surrounding areas, to then be resold together for cash and in bulk at the market of Bougoni to a customer base composed largely of women. With this loan the women plan to make a monthly profit of 15,000 FCFA per month, of which a part will be used to repay their loan and the rest used to pay for their children's health costs.
View original language description ↓
Les femmes qui composent le groupe DANAYA sont toutes des femmes mariées ayant une moyenne d’âge de 38 ans, 5 enfants et vivant toutes dans des familles conjugales traditionnelles élargies avec leurs frères, sœurs, co-épouses, enfants et époux. Elles résident au quartier Dougounina qui relève de la ville de BOUGOUNI, troisième région administrative de la république du Mali. Elles se sont connues à travers des relations de parenté. Face aux difficultés d’acheter correctement les produits, dues au manque de ressources financières, elles ont décidé d’adhérer au programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur cinquième prêt de groupe dont les quatre prêts précédents ont été bien soldés.
Avec ce prêt la présidente du groupe, Mariam D. compte acheter, 200 kg de noix de néré pour faire du « Sounbala » très apprécié dans la sauce africaine, 300kg de feuilles de baobab séchée et 150kg de dah. Tous ces condiments seront achetés à BOUGOUNI et ses environs, pour les revendre ensuite au comptant et en détail sur le marché de BOUGOUNI, à une clientèle composée essentiellement de femmes. Avec ce prêt les femmes envisagent obtenir un bénéfice mensuel de 15 000 FCFA par mois dont une partie sera utilisé pour solder le prêt et l’autre partie sera utilisé dans les frais de santé de leurs enfants.

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
  • 11
    View loans »
    Mali Loans Fundraising
  • $10,177,025
    Funds lent in using Kiva
  • 441.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $925 loan helped a member to purchase spices.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2011
Listed
May 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011