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Dakan (Le Destin) Group
In this Group: Sadio, Mariam, Alima, Awa, Doudou, Marian, Maïmouna, Marama
The eight members of the group Dakan (meaning "destiny") of the Lolo association in the village of Kimparana (San Prefecture) are all married and average 39 years of age and eight children. They generally live in polygamous households in the Ségou region (fourth administrative region of Mali). Linked by ties of community and blood, the group members essentially do commerce in cosmetics, fruit, and vegetables.


Concerned about supplementary financial resources, the group joined the loan program of the micro-finance institution Soro Yiriwaso, with which the members are on their fifth group loan (solidarity loan). All of the preceding loans have been repaid without difficulty. The preceding loans enabled them to expand their business and to earn the loyalty of their customers.

The group intends to buy 20 boxes of cosmetics of different types and a large quantity of fruit and vegetables. For these, they get their supplies locally at the Kimparana marketplace from market vendors or producers coming from surrounding villages. As for the cosmetics, the purchases are made iin Bamako (capital of Mali) from wholesalers. The goods are sold out of the home, at the Kimparana marketplace, and in the fairs of neighboring villages, to customers who are generally women.


The group members each envision realizing a profit of 50,000 francs CFA that allows them to assist their spouses in supporting the family and to increase their working capital.

View original language description ↓
Les huit (8) membres du groupe Dakan de l’association Lolo du village de Kimparana (préfecture de San) sont toutes mariés avec une moyenne d’âge de 39 ans et 8 enfants. Elles vivent en générale dans des foyers polygames dans la préfecture de San, région de Ségou (quatrième région économique du Mali).
Liés par des relations de voisinage et de parenté, les membres du groupe Dakan font essentiellement le commerce des produits cosmétiques, de fruits et légumes.
Dans le souci d’avoir des ressources financières complémentaires le groupe intégra le programme crédit de l’institution de microfinance Soro Yiriwaso avec lequel il est à son cinquième prêt de groupe (prêt solidaire). Tous les prêts précédents ont été remboursés sans difficultés. Les prêts précédents ont permis d’augmenter la taille des activités et de fidéliser la clientèle.
Le groupe compte acheter, 20 cartons de produits cosmétiques de différentes sortes et une grande quantité de fruits et légumes. Pour les fruits et légumes elles s’approvisionnent sur place au marché de Kimparana auprès des forains ou producteurs venant des villages environnants. Quant aux produits cosmétiques l’achat se fait à Bamako (capitale de la république du Mali) auprès des grossistes.
Les produits sont vendus à domicile, au marché de Kimparana et dans les foires des villages voisins à une clientèle généralement féminine.
Elles envisagent réaliser chacune un bénéfice de 50.000 FCFA qui leur permettra d’aider les conjoints à supporter les charges familiales et d’augmenter le fonds de commerce.

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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 513.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dakan (Le Destin) Group's $1,575 loan helped a member to buy cosmetics, fruit, and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 17, 2008
Listed
Nov 1, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009