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Danaya Group
In this Group: Allima , Bougou Sata , Djine , Fanta , Awa , Fatoumata , Minata , Habi
The Danaya group consists of eight married women who are on average 46 years old with 5 children. They live in traditional extended families with husbands, co-wives, brothers and sons In the Niebala neighborhood of the city of Bougouni. They became acquainted through neighborhood ties, friendship and commerce.

To strengthen their financial capacity and improve their trade business, they joined the Soro Yiriwaso micro-finance institution where they are on their second loan. The previous loan was repaid correctly.

This group of women sells grain, like Alima who is sitting in the middle of the front row. She intends use the loan to buy 1.5 tons of grain from local peasant producers. She performs her sales at the market and through home delivery, at retail prices for cash and credit to both men and women customers.

She expects to make an average monthly profit of 25.000 FCFA to be invested in the business and used to repay the loan.
View original language description ↓
Le groupe DANAYA est constitué de 8 femmes toutes mariées ayant une moyenne d’âge de 46 ans et 5 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier Niebala 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 deuxième prêt. Le précédent prêt a été correctement remboursé. Ce groupe de femmes fait le commerce de céréales
à l’image de ALIMA assise au milieu de la rangée de devant. Elle compte acheter avec son prêt, 1,5 tonne de céréales avec les paysans producteurs de la zone. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 25.000FCFA 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
  • 31
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 504.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,600 loan helped a member buy grain cereals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013