Check out some available loans that are similar to this one!
Danaya Group
In this Group: Ivone , Nanko , Batenin , Aïcha , Fatoumata
Married mostly into monogamous households, the five members of the Danaya group are, on average, 33 years old and have three children. They all live in Lassa and know each other through neighborhood ties and from business at the Lassa market. The group members engage in small-scale commerce selling wax pagnes, embroidered pagnes, damask fabrics, cosmetics, and artisan goods.

In order to increase their business funds, the group members decided to collaborate with Soro Yiriwaso. This is their second group loan.

Aïcha (the woman standing on the far left in the photo) is a great seller of clothing (wax pagnes, embroidered pagnes, etc.). She plans to use her loan to buy 20 lengths of wax pagnes from Bamako. Sales will be made at retail in a market to mostly female customers.

With this loan, Aïcha hopes to earn an average monthly profit of 60,000 francs CFA which will be used to reinvest in her business and to support her family's needs.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les cinq membres du groupe Danaya ont en moyenne 33 ans et 3 enfants. Elles habitent toutes à Lassa et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Lassa. Les membres du groupe font le petit commerce de, pagnes wax, brodés, bazins, de produits cosmétiques et de l’artisanat. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Aïcha (femme debout à l’extrême à gauche sur la photo) est une grande vendeuse des habits (pagnes wax,brodés, …). Elle compte utiliser son prêt pour acheter 20 pièces de pagnes wax à Bamako. La revente se fait en détail au marché à une clientèle composée majoritairement de femmes. Madame Aïcha compte avoir avec ce prêt un bénéfice mensuel moyen de 60 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et satisfaire les petits besoins du foyer.

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

  • $1,100
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 477.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD