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Danaya Group
In this Group: Ramatou , Fatoumata , Awa , Bintou
The DANAYA group comprises four married women, two of whom live within monogamous households. The members of the group are, on average, 40 years old with five children each. They all live in Kalaban Coro, in the Cercle of Kati (second administrative region of Mali). They know one another through neighborhood ties and also through their income-generating activities at the Kalaban Coro market.

They have joined the microfinance institution Soro Yiriwaso in order to boost their financial capacity and pay cash for the goods they want to purchase. This is their first loan cycle.

They sell charcoal, traditional medications, wax, embroidered and damask "pagnes" (colorful West-African fabrics), condiments and children's clothes.

Bintou, first from the left in the front row, plans to use her loan to buy ten sets of children's clothes. She buys clothes at the Grand Market and resells for cash or on credit in Kalaban Coro, to a customer base which mostly consists of women.

Thanks to this loan, she is expecting to make an average monthly profit of 40,000 CFA francs, which will be reinvested in her business and also used to meet her family's needs. Her ambition is to buy a plot of land to build a house for her children.
View original language description ↓
Le groupe Danaya est constitué de 4 femmes mariées dont la moitié vit dans des ménages monogamiques. Elles ont en moyenne 40 ans et 5 enfants. Elles habitent toutes à Kalaban Coro dans le cercle de Kati (2ème région administrative du Mali) et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Kalaban Coro. Pour renforcer leur capacité financière afin de se ravitailler au comptant, elles ont adhéré au programme de prêt solidaire de Soro Yiriwaso avec laquelle elles sont à leur premier 1er cycle. Ce groupe de femmes fait le commerce de charbons de bois, médicaments traditionnels, pagnes wax, brodés, bazins, d’habits pour enfants et de condiments.
Mme BINTOU (femme assise de la gauche vers la droite) compte utiliser son prêt pour acheter de 10 complets d’habits pour enfants. Elle se ravitaille en habits au grand marché. La revente se fait au comptant et à crédit à Kalaban Coro à une clientèle composée majoritairement de femmes. Madame BINTOU espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et subvenir aux besoins de sa famille.
Madame BINTOU ambitionne acheter une parcelle à usage d’habitation pour ses enfants.

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
  • 14
    View loans »
    Mali Loans Fundraising
  • $11,512,075
    Funds lent in using Kiva
  • 496.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD