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Danaya Group
In this Group: Kadia Foune , Korotimi , Sitan , Assetou
The members of the group Danaya live in extended traditional families in San, in the circle of SAN, region of Segou (4th administrative region of Mali). They average 32 years of age and two children each, and they know one another as neighbors and through ties of kinship. They work in small trade, buying and selling various merchandise such as calebasses (large bowls made from dried gourds), clothing, etc. This is their 13th group loan, and all past loans were repaid without incident.

KADIA FOUNE (first standing from the left) plans to use her loan to buy 50 pieces of bazin. She buys her stock from Bamako wholesalers, and she conducts her sales at retail from her home and at the market in San, cash or credit, to a clientele consisting mainly of women.

She expects to earn an average monthly profit of 25,000 FCFA, which she will use to repay the loan and to cover expenses relating to healthcare, food and tuition. Any remainder will be reinvested in her activity.
Les femmes du groupe DANAYA ont en moyenne 32 ans, 2 enfants et vivent toutes dans des familles traditionnelles élargies à San, cercle de SAN région de SEGOU (quatrième région administrative de la république du Mali).
Ces femmes se sont connues à travers des liens de parenté, de voisinage et font le commerce d’articles divers tels l’achat vente de calebasses, d’habillements etc.
Après avoir correctement remboursés les prêts précédents, les femmes du groupe DANAYA sont à leur 13eme prêt solidaire
KADIA FOUNE (1ere personne debout de la gauche sur la photo) compte utilise son prêt pour acheter, 50 pièces de bazin. Elle s’approvisionne à BAMAKO auprès des grossistes pour venir revendre à SAN à domicile et au marché au comptant, en détail en espèce et à crédit, à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 25.000FCFA qui sera utilisé pour le remboursement du prêt, dans les dépenses relatives à la santé, à la nourriture, aux frais scolaires et le reste sera réinvesti dans les activités.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 487.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $825 loan helped a member to buy bazins for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2013
Listed
Feb 14, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013