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Danaya Group
In this Group: Aminata , Rokia , Salimata , Kadia , Jakeline, Salimata, Mamou , Mariam , Kamba
The nine members of the group DANAYA are essentially married women averaging 32 years of age and thee children each. The women live for the most part in monogamous families in Ouayerma I, a working-class district in Sikasso City. They are on their 13th loan with the microfinance institution Soro Yiriwaso for meeting the needs of their customers.

KAMBA does commerce in condiments in this group of women. She is the one standing in the middle in the photo. She intends to use her loan to purchase 5 boxes of tomato paste, a box of Maggi bouillon cubes, and a bag of table salt, which she sells retail locally for cash at her home.

She envisions making an average monthly profit of 25,000 francs CFA. Part of the profits will be used to repay the loan and cover the interest, and the other part will go toward her savings.
View original language description ↓
Les neuf membres du groupe DANAYA sont essentiellement des femmes mariées avec une moyenne d’âge de 32 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans des familles monogames à Ouayerma I un des quartiers populaire de la ville de Sikasso.
Elles sont à leur 13ème prêt avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
KAMBA fait le commerce de condiment dans ce groupe de femmes et elle se tient debout au milieu.
Elle compte acheter avec son prêt de 5 cartons de concentrées de tomate, 1 carton de cube maggi, 1 sac de sel de cuisine qu’elle revend en détail chez elle au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 25 000 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
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,946,525
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,825 loan helped a member to purchase condiments to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013