Check out some available loans that are similar to this one!
Danaya Group
In this Group: Salimata , Djalia , Bakoro , Chata , Awa
Danaya is a group of women, the majority of whom are married and live in monogamous families in Ouayerma I, one of the working-class neighbourhoods of Sikasso city. They have an average age of 33 years, and have 2 children each on average.

This is their fourth loan with the microfinance institution Soro Yiriwaso, to help them meet their customers' needs. The previous loans have been successfully repaid.

Salimata, third on the right of the photo, sells wax pagnes (traditional printed cloth) in this group. Her knowledge in the area makes her a sought-after seller. With her loan, she will buy 8 pieces of wax pagnes, which she will sell on foot in the neightbourhood and to her family, to both male and female customers who buy on credit or with cash. She purchases supplies at Bamako and often at the Sikasso city market. She is aiming to earn 27,500 FCFA per month on average, part of which will be used to repay the loan, and part of which will go towards her savings.
View original language description ↓
DANAYA est un groupe constitué essentiellement de femmes mariées ayant une moyenne d’âge de 33 ans, 2 enfants et vivant la plupart dans des familles monogamiques à OUAYERMA I un des quartiers populaires de la ville de Sikasso.
Elles sont à leur quatrième prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Les prêts antérieures se sont bien dénoués.
SALIMATA 3ème à droite sur la photo fait le commerce de pagnes wax dans ce groupe de femmes DANAYA, sa renommée en la matière fait d’elle une vendeuse très sollicitée.
Elle compte acheter avec son prêt, 8 pièces de pagnes wax. Elle les revend de façon ambulante et en famille au comptant et à crédit à sa clientèle composée d’hommes et de femmes. Elle s’approvisionne à Bamako et souvent au grand marché de Sikasso ville.
Elle envisage réaliser un bénéfice mensuel moyen de 27.500FCFA 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
  • 26
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 518.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $975 loan helped a member to buy wax pagnes (traditional printed cloth).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Jan 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012