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Danaya Group
In this Group: Diarata , Diarata , Fatoumata B. , Awa , Kadia , Mawa , Aminata
The members of the Danaya group are married women who, on average, are 29 years old and have three children. They live mostly in monogamous families in the Bougoula neighborhood, one of the outer areas of the town of Sikasso, third administrative region of Mali. The group is on their ninth loan with the micro-finance institution Soro Yiriwaso, in order to satisfy their customers' needs.

In this group of women, Fatoumata B. sells tomatoes. She is standing in the middle of the photo. With her loan she plans to buy 60 baskets of tomatoes. She sells these goods at a market and from home for cash to male and female customers.

Fatoumata B. hopes to earn an average monthly profit of 65,000 francs CFA, in which a part will be used to pay back the loan and the interest and the other part will be put in savings.
View original language description ↓
Les membres du groupe Danaya sont des femmes mariées avec une moyenne d’âge de 29 ans, et ont en moyenne 3 enfants. Elles vivent la plupart dans les familles monogamiques au quartier Bougoula hameau un des quartiers périphérique de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur neuvième prêt avec l’institution de micro finance Soro Yiriwaso, dans le souci de satisfaire le besoin de leur clientèle.
Mme FATOUMATA B. fait la vente de tomates dans ce groupe de femmes. Elle est la debout au milieu sur la photo.
Elle compte acheter avec son prêt 60 paniers de tomates. Elle vend ses articles au marché et à la maison au comptant à une clientèle constituée de femmes et d’hommes.
Elle envisage réaliser un bénéfice mensuel moyen de 65 000 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 475.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $2,950 loan helped a member to buy tomatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014