Check out some available loans that are similar to this one!
Danaya Group
In this Group: Aminata , Maimouna , Sali , Awa , Mariam
The Danaya Group is made up of five married women living mainly in polygamous households. They have an average age of 40 years and an average of six children. They all live in the neighborhood of Sabalibougou in the district of Bamako. They know one another through ties of vicinity and through their businesses in the Sabalibougou market. The members of the group are merchants with small businesses selling dried fish, palm oil, produce (potatoes), plastic kitchen utensils and used clothing. In order to increase their business capital, the group has decided to work with Soro Yiriwaso and are currently on their first group loan cycle.

Awa (shown seated in the center of the photo) sells plastic utensils of all types in Sabalibougou. She plans to use this loan to buy a parcel of items consisting of buckets, cups, ladles, plates and kettles. She purchases her merchandise in Bamako and resells it in Sabalibougou and by traveling to her clientele (composed mainly of women) for cash and on credit.

With this loan, Awa hopes to earn an average monthly revenue of 30,000 Francs CFA. She will use her income to reinvest in her business and to maintain her children while in this partnership with Soro Yiriwaso.
View original language description ↓
Les cinq femmes du groupe Danaya sont mariées majoritairement dans des ménages polygamiques avec une moyenne d’âge de 40 ans et 6 enfants. Elles habitent toutes dans le quartier de Sabalibougou dans le district de Bamako et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Sabalibougou. Les membres du groupe font le petit commerce de poisson sec, d’huile de palme, de fruits (patate), d’ustensiles plastic de cuisine et des habits de la friperie. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1ercycle de prêt solidaire.
Madame Awa (femme assise au milieu sur la photo) est une grande commerçante d’ustensiles en plastique de toutes sortes à Sabalibougou. Elle compte utiliser son prêt pour acheter un colis d’ustensiles constitué de seaux, tasses, louches, assiettes et de bouilloires. Elle se ravitaille à Bamako et revend au comptant et à crédit à une clientèle composée majoritairement de femmes à Sabalibougou et en ambulant. Madame Awa espère réaliser avec ce prêt un bénéfice mensuel moyen de 30 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants dans ce partenariat avec Soro Yiriwaso.

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
  • 34
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 493.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,025 loan helped a member to purchase plastic kitchen items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014