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Danaya (La Confiance) Group
In this Group: Inda, Awa, Awa, Mamou, Mamou
The 5 women in the Danaya group are all married and are, on average, 38 years old with 6 children. They live in polygamous families in the Sogomougou region of the Koutiala prefecture (third most important economic region in Mali). Brought together by professional, friendship and neighborly ties, the members of the group trust one another and have been working together for years. They are very experienced in business and primarily sell various items, fresh, smoked and grilled fish, wheat flour, clothing and plastic cups. In addition, they serve food and dye clothing, which they learned to do from relatives in these lines of business. In order to increase the size of their business, they decided to join the Soro Yiriwaso loan program five years ago. They are on their tenth group loan, having fully repaid all of the previous loans. With this loan, they would like to purchase at wholesale prices plastic cups, imported from Abidjan (the capital of Cote d’Ivoire), fish, and a large supply of raw materials to dye “bazin” cloth (which is a highly sought-after type of cloth in West Africa). They sell their products in the city of Koutiala and at the markets in neighboring villages to a clientele made up of restaurant owners, shopkeepers, housewives and traveling salesmen. They intend to earn a profit of 100,000 CFA francs each, which will be used to repay the interest on the Soro Yiriwaso loan and help pay their families’ daily expenses. In the future, the Danaya group would like to diversify its business by taking up more profitable activities.

Translated from French by Kristina Jackson, Kiva Volunteer.



Les cinq femmes du groupe Danaya sont toutes mariées avec une moyenne d’âge de 38 ans, 6 enfants vivant dans des familles polygames au quartier Sogomougou de la préfecture de Koutiala (troisième région économique du Mali). Liées par des relations professionnelles, d’amitié et de voisinage, les membres de ce groupe se font confiance et sont ensembles depuis des années. Très expérimentées dans les activités économiques, elles mènent essentiellement le commerce d’articles divers, la vente de poissons frais, fumés et grillés, de la farine de blé, des habits, des tasses en plastiques. En plus elles font de la restauration et de la teinture d’habits apprises auprès de parents exerçant ces activités.
Dans leur souci d’augmenter la taille de leurs activités, elles ont décidé d’intégrer le programme de crédit de Soro Yiriwaso depuis maintenant cinq ans. Elles sont à leur dixième prêt solidaire et tous les précédents ont été correctement remboursés. Avec ce prêt elles vont acheter en gros des tasses en plastiques importées d’Abidjan (la capitale de la république de la Côte d’ivoire), du poisson et une importante quantité de matières premières pour la teinture des tissus bazin (tissu très prisé en Afrique de l’Ouest).
Elles vendent leurs produits dans la ville de Koutiala et les marchés des villages voisins à une clientèle composée de restaurateurs, de boutiquiers, de ménagères et d’ambulants.
Elles comptent réaliser chacune 100.000 CFA de bénéfice qui sera utilisé pour rembourser les intérets du prêt de Soro Yiriwaso et faire face aux charges courantes de la famille. Dans l’avenir, le Groupe Danaya compte diversifier ses activités en intégrant d’autres opérations plus rentables.

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

  • $1,100
    Average annual income
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 421.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya (La Confiance) Group's $1,800 loan helped a member purchase of fish, plastic cups and dying materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 18, 2008
Listed
Aug 3, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009