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Danaya Group
In this Group: Mariam , Sayon , Awa , Djénèba , Salimata , Moussokoro , Dandara
The seven women of Danaya Group all live in polygamous households. They average 36 years of age and four children. All live in Sikoroni, a neighborhood in Bamako District.

The got to know each other through bonds of community and through their money-earning businesses at the Sikoroni market. They retail condiments (tomatoes, cabbages, and parsley), cosmetics, potatoes, and clothing.

In order to increase their working capital, the members of the group decided to work with Kiva's partner, Soro Yiriwaso, from which they are seeking their first solidarity loan (group loan).

Mrs. Djénèba is the woman sitting in the center in the photograph. She's very well renowned as a seller of condiments (tomatoes, cabbages, parsley). She intends to use her loan to buy, wholesale in Bamako, 4 baskets of tomatoes, 6 sacks of cabbages, and 3 baskets of parsley.

She resells for cash and on credit, at the market and as a traveling saleswoman, to a clientele comprising mostly women. With this loan, she hopes to turn an average monthly profit of XOF 40'000, to be reinvested in her business and used to provide for her children and household.
View original language description ↓
Les sept femmes du groupe Danaya sont toutes mariées dans des ménages polygamiques. Elles ont en moyenne 36 ans et 4 enfants. Elles habitent toutes dans le quartier de Sikoroni dans le district de Bamako; Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Sikoroni. Les membres du groupe font le petit commerce de, condiments (tomates, choux et persils), produits cosmétiques, pommes de terre et habits. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 1er cycle de prêt solidaire.
Madame Djénèba (femme assise au milieu sur la photo) a une grande réputation dans la vente des condiments (tomates, choux et persils). Elle compte utiliser son prêt pour acheter 4 corbeilles de tomates, 6 sacs de choux, 3 corbeilles de persils à Bamako en gros. La revente se fait au comptant et à crédit au marché et en ambulant à une clientèle composée majoritairement de femmes. Madame Djénèba espère réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de mes enfants 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.

About Mali

  • $1,200
    Average annual income
  • 7
    View loans »
    Mali Loans Fundraising
  • $10,150,450
    Funds lent in using Kiva
  • 478.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $1,475 loan helped a member to buy tomatoes, cabbages, and parsley.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2014
Listed
Apr 8, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014