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Danaya Group
In this Group: Aoua , Djenebou , Mariam , Maimouna, Oumou , Kadiatou
The six members of Danaya Group are mainly married women, who average 35 years of age and 5 children. Most of them live in monogamous families in HAMDALLAYE, a working-class neighborhood in the city of Sikasso, third administrative region of Mali.

The members of the group are seeking their first loan from Kiva's partner, the MFI Soro Yiriwaso, in order to meet customer demand.

Mrs. AOUA, standing in the center in the photograph, is selling yams. She intends to user her loan to buy 400 kg of yams, that she will retail for cash at the Médine market in Sikasso, as well as at her home, to a clientele comprising both men and women.

She foresees turning a monthly profit of XOF 12'000 (ca US$ 24), to be used in part to repay the loan and its interests, and in part to be put away.
View original language description ↓
Les six membres du groupe DANAYA sont essentiellement de femmes mariées avec une moyenne d’âge de 35 ans, et ont en moyenne 5 enfants. Elles vivent la plupart dans des familles monogamiques à HAMDALLAYE, un des quartiers populaires de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur premier prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Madame AOUA au milieu en position debout fait le commerce d’ignames.
Elle compte acheter avec son prêt, 400 Kg d’ignames qu’elle revendra en détail au marché de Médine à Sikasso et en famille à une clientèle composée d’hommes et de femmes au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 12 500 FCFA dont une partie est utilisée pour payer le prêt et son intérêt et l’autre pour son épargne.

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
  • $10,173,725
    Funds lent in using Kiva
  • 490.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $625 loan helped a member to buy 400 kg of yams.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 21, 2012