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Danaya Group
In this Group: Salimata , Awa , Batoma , Adiara
The DANAYA group is made up of four women, all of them married, who are on average 42 years old and have, on average, four children. They live in extended traditional families with their husbands, co-spouses, brothers and sons in the Médine district of the town of Bougouni. They met through being neighbors, friends and business associates. To strengthen their financial capacity and improve their businesses, they joined the microfinance institution Soro Yiriwaso with whom they are on their third loan. The preceding loans have been correctly reimbursed.

This group of women sell condiments, tubers and clothing. SALIMATA who is the president of the group and the only woman who is seated in the photo sells condiments. She intends to use her portion of the loan to buy various packets of condiments from the wholesalers of Bougouni. She makes her sales in the market and at home, retail and for cash or credit, to a clientele essentially made up of women. She expects to make a monthly average profit of 90,000 F CFA which will be invested in her business and used to reimburse the loan.
View original language description ↓
Le groupe DANAYA est constitué de quatre femmes toutes mariées ayant une moyenne d’âge de 42 ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier Médine de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Pour renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur troisième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de condiments, de tubercules et des habits.
SALIMATA qui est la présidente du groupe et la seule femme assise dans la photo, fait l’achat vente de condiments. Elle compte acheter avec son prêt, divers colis de condiments avec les grossistes de Bougouni. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 90.000FCFA qui sera investi dans les activités et rembourser le prêt.

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
  • 6
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 515.4
    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 condiments for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013