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Danaya Group
In this Group: Maïmouna , Kani , Assitan , Mariam , Fatoumata , Diaminata , Ami , Fatoumata
Most of them married in monogamous marriages, the eight members of the group Danaya average 38 years of age and three children each, all living in Lafiabougou, a district in Bamako. And they know one another through ties of community and their revenue-generating businesses at the Lafiabougou market. The group members have small-scale businesses involving clothing, sand, juice drinks, soaps, and cosmetic products.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their second solidarity loan cycle.

Ms. Ami (sitting second from the right in the photo) is a major vendor of clothing of Wax ’pagnes’ (the colorful cloth of western Africa). She intends to use her loan to purchase 40 lengths of Wax ‘pagne’ cloth wholesale at the big market. In Lafiabougou and by hawking, her sales are made at the retail level to mostly women customers.

With this loan, Ms. Ami hopes to make an average monthly profit of 90,000 francs CFA that will be used for reinvesting in her business and for meeting sundry needs at home.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les huit (08) membres du groupe Danaya ont en moyenne 38 ans et 3 enfants. Elles habitent toutes à Lafiabougou l’un des quartiers de Bamako et 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, du sable, du jus, de savons et de produits cosmétiques. Dans le but d’accroitre 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 Ami (femme assise en 2ème position de la droite vers la gauche sur la photo) est une grande vendeuse d’habits (pagnes wax). Elle compte utiliser son prêt pour acheter 40 pièces de pagnes wax en gros au grand marché. La revente se fait en détails à Lafiabougou et en ambulant à une clientèle composée majoritairement de femmes. Madame Ami compte avoir avec ce prêt un bénéfice mensuel moyen de 90 000 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.

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About Mali

  • $1,200
    Average annual income
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 482.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya Group's $3,325 loan helped a member to purchase Wax 'pagne' cloth.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jul 11, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014