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Danaya Group
In this Group: Sanata, Kadiatou, Sitan, Diatou, Minata, Salimata
The Danaya group is made up of 6 married women who have an average age of 34 and, on average, 3 children. They live in traditional, extended families in the Dialanikoro district of Bougouni town. They got to know each other thanks to neighbourly and business relationships and friendships. They decided to join the Soro Yiriwaso microfinance institution in order to strengthen their financial capacity and better do business, and are on their 4th loan. The 3 previous loans have been correctly repaid.

Sitan, standing on the left in the picture, is the group member who sells firewood. She plans to use her loan to buy 12 cartloads of firewood from the wholesalers in Bougouni. She makes her sales for cash or credit, at the market and at home, to a retail clientèle mostly made up of women. She expects to make an average monthly profit of 45 000 francs which will be reinvested in her business and used to repay the loan.
Le groupe DANAYA est constitué de 6 femmes toutes mariées ayant une moyenne d’âge de34 ans et 3 enfants. Elles vivent dans des familles traditionnelles élargies dans le quartier DIALANIKORO 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 4éme prêt. Les 3 précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de bois de chauffe à l’image de SITAN qui est la 1ére femme débout dans la photo de la gauche vers la droite. Elle compte acheter avec son prêt, 12 chargements de charrette avec les grossistes de Bougouni. 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 45.000FCFA 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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,710,275
    Funds lent in using Kiva
  • 490.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,225 loan helped a member to buy firewood.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014