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Danaya (La Confiance) Group
In this Group: Fatinè , Tènè, Babou , Kadia , Assan Dara, Mah , Fanta , Assitan , Maminata
The nine women in the Danaya group from the Benkadi association are all married. Their average age is about 31 and they have an average of five children each. The Danaya group members live in traditional large extended families in the Dalan neighborhood of San (a town in the Ségou region of the Republic of Mali).

They got to know each other through neighborhood and family connections.

They all perform the same business activity: buying and selling used clothing and smoked fish. They are very much in demand in this business.

In order to satisfy the needs of their ever-increasing clientele, the Danaya group found a solution to their problems by joining the Soro Yiriwaso micro-finance institution with whom they are requesting their first group loan.

They intend to use this loan to buy bales of used clothing in Bamako (the capital on the Republic of Mali), and cartons of smoked fish in Mopti and San. The fish are sold separately for cash from home and in the markets around San. As for the used clothing, it is sold at the San market, from home and door-to-door for cash or credit.

During this loan cycle, each member of the group expects to make an average profit of 60,000 FCFA, which will be used to repay the loan interest, provide for the needs of the extended family and the remainder will be invested in the business.
Les neuf femmes du groupe Danaya de l’association Benkadi sont toutes mariées. Leur moyenne d’âge se situe autour de 31 ans et elles ont en moyenne 5 enfants. Les membres du groupe Danaya vivent dans des grandes familles traditionnelles élargies au quartier Dalan de la ville de San (région de Ségou, république du Mali).
Elles se sont connues à travers des liens de voisinage et de parenté.
Elles exercent presque la même activité d’achat et de vente de friperie et de poissons fumés. Elles sont très sollicitées dans cette activité.
Pour satisfaire le besoin de sa clientèle qui ne cesse d’augmenter, le groupe Danaya a eu une solution à ses problèmes en intégrant l’institution de micro finance Soro Yiriwaso avec laquelle il est à son premier prêt solidaire (prêt de groupe).
Elles comptent utiliser ce prêt pour acheter des balles de friperie à Bamako (la capitale de la république du Mali), des cartons de poissons fumés à Mopti et à San. Le poisson est vendu au comptant et en détail à la maison et dans les marchés environnants de San. Quant à la friperie, elle est vendue au marché de San, à la maison et en ambulant au comptant et à crédit.
Elles espèrent réaliser chacune un bénéfice moyen de 60 000 FCFA au cours de ce cycle qui sera utilisé pour rembourser les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités.

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
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Danaya (La Confiance) Group's $925 loan helped a member to buy used clothing and smoked fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009