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Danaya Group
In this Group: Fatoumata , Adiara , Oumou , Mari
Danaya Group ("Confidence") is composed of four married women who, on average, are 40 years old and have six children. They live with their children, husbands and cowives in traditional extended families in Torakabougou, one of the neighborhoods of the city of Bougouni (third administrative region of the Republic of Mali). They came to know each other through ties of business, kinship and neighborhood.

Faced with the need to increase their working capital and boost their activity level, the group members decided to join the microfinance institution Soro Yiriwaso and finance their activities in catering and trading with iceboxes, thermos cups and groundnuts (the latter is Adiara's activity). This is their second loan, the first one having been repaid on schedule.

Adiara intends to use this new loan to buy 4 sacks of 100 kilograms of groundnuts in Bougouni and from farmers in nearby villages. She retails the products at the great market in Bougouni, for cash or credit, to a clientele mostly made up of women.

Thanks to this loan, Adiara expects to make an average profit of 17,500 CFA francs a month. She will use it to repay the loan, and any amount left will be reinvested in her business.
View original language description ↓
Le groupe DANAYA est composé de quatre femmes toutes mariées, ayant une moyenne d’âge de 40 ans et 6 enfants. Elles vivent dans des familles conjugales traditionnelles élargies avec leurs enfants, époux et coépouse. Ces femmes résident à Torakabougou l’un des quartiers de la ville de BOUGOUNI, (troisième région administrative de la république du Mali). Elles se sont connues par des relations de commerce, de parenté et de voisinage.
Dans le souci de mieux satisfaire leurs clientèles et d’augmenter le niveau de leurs activités, elles ont décidé d’intégrer l’institution de microfinance Soro Yiriwaso et cela pour faire la restauration, le commerce des glacières, des tasses thermos et le commerce d’arachide avec Adiara.
Elles sont à leurs deuxièmes prêts de groupe et le prêt précédent a été remboursé correctement.
Avec ce nouveau prêt Adiara compte acheter, 4 sacs de 100 kg de graines d’arachide. Elle s’approvisionne sur place à BOUGOUNI et auprès paysans des villages environnants pour ensuite faire sa vente en détail, au comptant et à crédit au grand marché de BOUGOUNI à une clientèle composée généralement de femmes.
Avec ce prêt elle espère réaliser un bénéfice mensuel de 17 500 FCFA dont une partie sera utilisée pour rembourser le prêt et le reste sera réinvesti dans l’activité.

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

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    Funds lent in using Kiva
  • 467.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD