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Danaya (La Confiance) Group
In this Group: Safoura , Mariam , Fatoumata , Nana
The four women of the group Danaya are all married and average 49 years of age and two children. They live in traditional extended familes in Médine, one of the districts of the city of Sikasso (third administrative region of the Republic of Mali). They know one another through ties of friendship and community. Their principal work includes catering and commerce in potatoes and 'wax' and 'fancy' grades of pagnes (colorful West African cloth) that are printed locally in Mali by Comatex.


For four years now, this group has been working with the institution Soro Yiriwaso and is on its sixth solidarity loan. The group intends to utilize this loan to buy: 10 sacks of potatoes, 34 lengths of pagnes, 2 sacks of rice, and 2 drums of peanut oil.


The members of the group get their supplies (of raw ingredients for catering) at the grand marketplace in the city of Sikasso. As for the pagnes, they are restocked by custom order from the wholesalers of Bamako (capital of Mali).


The sales are made at the marketplace, out of homes, and door-to-door at the retail level, cash or credit accepted, to customers composed generally of women and youngsters.

View original language description ↓
Les quatre (4) femmes du groupe Danaya (toutes mariées) avec une moyenne d’âge de 49 ans et 02 enfants vivent dans des grandes familles traditionnelles élargies à Médine un des quartiers de la ville Sikasso (troisième région administrative de la république du Mali)
Elles se sont connues à travers des liens d’amitié et de voisinage. Leurs principales activités sont entre autres l’achat et la vente des pommes de terre, des pagnes wax et fancy(imprimés sur place au Mali par la Comatex) et la restauration.
Ce groupe travaille avec l’institution Soro Yiriwaso depuis maintenant 4 et est à son sixième prêt solidaire. Elles comptent utiltiser ce prêt pour acheter, 10 sacs de pomme de terre, 34 pièces de pagnes, 2 sacs de riz et 2 bidons d’huile d’arachide. Elles s’approvisionnent (en matières premières pour la restauration) au grand marché de la ville de Sikasso. Quant aux pagnes elles s’y ravitaillent sur commande auprès de grossistes de Bamako(capitale de la republique du Mali).
Les ventes sont effectués au marché, à domicile et de façon ambulante en détail, au comptant et à crédit à une clientèle composée généralement des femmes et des jeunes gens.

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
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 516.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya (La Confiance) Group's $975 loan helped a member to buy different goods: pagnes, rice peanut oil, and potatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2008
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009