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Danaya Group
In this Group: Maimouna , Mariam , Minata , Kadia , Chata , Mamou
The Danaya group is made up of 6 women who are all married and have an average age of 32 and, on average, 4 children. They all live in traditional, extended families with their husbands, co-spouses, brothers and sons in the district of Massablacoura, in Bougouni town. They got to know each other through neighbourly and professional relationships, and friendships. They joined the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity, so that they could better do business. They are on their 8th loan and the previous loans have been correctly repaid.

This group of women sells kitchen utensils via Maimouna. She is the third from the left in the picture. She buys and sells kitchen utensils and plans to use her loan to buy 10 dozen plastic cups in Bamako. She makes her sales at the market and at home, for cash or credit, to a clientèle mostly made up of women. She expects to make an average monthly profit of 40 000 francs, part of which will be reinvested in her business and part of which will be used to repay the loan.
Le groupe DANAYA est constitué de 6 femmes toutes mariées ayant une moyenne d’âge de32 ans et 4 enfants. Elles vivent dans des familles traditionnelles élargies avec leurs maris, coépouses, frères et fils dans le quartier Massablacoura 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 huitième prêt. Les précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce des ustensiles de cuisine à travers de MAIMOUNA. Elle est la troisième femme de la gauche vers la droite Elle fait l’achat vente des ustensiles de cuisine et compte acheter avec son prêt, 10 douzaines de tasses en plastique à Bamako. 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 40.000FCFA 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
  • 37
    View loans »
    Mali Loans Fundraising
  • $10,282,350
    Funds lent in using Kiva
  • 508.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,775 loan helped a member to buy kitchen utensils.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013