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Danaya Group
In this Group: Tata , Kadiatou , Maïmouna , Bintou
The four women in the Danaya group are mostly married in monogamous households. They are on average 46 years old with five children. They all live in Lafiabougou, one of the neighborhoods of Bamako. They became acquainted through neighborhood ties and their income-generating activities at the Lafiabougou market.

The group members are small retail merchants, selling clothes (pagne wax fabric), linens, food preparations and firewood. So they can resupply by paying cash, the group decided to work with Soro Yiriwaso and are on their second group loan cycle.

Mrs. Kadiatou (the woman standing at the far right in the photo) has a great reputation at selling clothes (pagne wax fabric). She intends to use her loan to buy 23 lengths of pagnes wax at the general market. Retail sales are made for cash and on credit, in Lafiabougou and as an itinerant vendor, to a clientele composed mostly of women.

Mrs. Kadiatou hopes to achieve with this loan an average monthly profit of 50,000 CFA francs to be reinvested in the business and used to ensure their children's upkeep.
View original language description ↓
Les quatre femmes du groupe Danaya sont mariées majoritairement dans des ménages monogamiques. Elles ont en moyenne 46 ans et 5 enfants. Elles habitent toutes à Lafiabougou l’un des quartiers de Bamako. Elles se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu au marché de Lafiabougou. Les membres du groupe font le petit commerce, d’habits (pagnes wax), de draps, de la restauration et du bois de chauffage. Dans le but de se ravitailler au comptant, les membres du groupe ont décidé de collaborer avec Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Kadiatou (femme debout à l’extrême droite sur la photo) a une grande réputation dans la vente des habits (pagnes wax). Elle compte utiliser son prêt pour acheter 23 pièces de pagnes wax au grand marché. La revente se fait au comptant et à crédits à Lafiabougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Kadiatou espère réaliser avec ce prêt un bénéfice mensuel moyen de 50 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer l’entretien de ses enfants.

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
  • 12
    View loans »
    Mali Loans Fundraising
  • $10,177,025
    Funds lent in using Kiva
  • 480.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $850 loan helped a member buy pagnes wax (colorful West-African fabric).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014