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Danaya Group
In this Group: Tata , Nene , Safoura , Fatoumata
The four members of the group "DANAYA" are married women, who average 38 years and four children each. The women live for the most part in monogamous families in Medine, a working-class district in Sikasso City, in the 3rd administrative region of the Republic of Mali. They are on their fifteenth loan with the microfinance institution Soro Yiriwaso and are concerned about meeting the needs of their customers.

Ms. FATOUMATA does commerce in cloth in this group of women. She is standing at the far right in the photo. She intends to use her loan to purchase about 7 lengths of cloth, which she sells retail locally and at the market. She envisions making an average monthly profit of 35,000 francs CFA. Part of the profits is used to pay back the loan with interest, and the other part goes to her savings.
View original language description ↓
Les quatre membres du groupe DANAYA sont des femmes mariées avec une moyenne d’âge de 38 ans, et ont en moyenne 4 enfants. Elles vivent la plupart dans des familles monogamiques à Médine un des quartiers populaires de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur 15ème prêt avec l’institution de micro finance Soro Yiriwaso dans le souci de satisfaire le besoin de leur clientèle.
Mme FATOUMATA fait le commerce de tissus dans ce groupe de femmes. Elle se tien en à l’extrême droite sur la photo.
Elle compte acheter avec son prêt environ 7 pièces de tissus qu’elle revend en détail sur place et au marché.
Elle envisage réaliser un bénéfice mensuel moyen de 35 000 francs cfa dont une partie est utilisée pour payer le prêt et son interêt et l’autre pour son épargne.

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
  • 479.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD