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Danaya Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped Buying charcoal and soaps.
Danaya Group's story
The members of the Danaya group of the Bolodignogoma association are married women with an average age of 36 and 5 children . They live with their husbands and children in large traditional families in the city of Dioïla, located in the Dioïla prefecture of the Koulikoro region in Mali.
They know each other through their ties of community and kinship. These women sell various items, and they have incorporated the microfinance institution Soro Yiriwaso in order to sustain their lucrative business. They are in their fourth group loan and all three previous loans have been properly reimbursed.
With this loan they plan to buy a large quantity of charcoal and soaps. They supply themselves locally and from surrounding villages, reselling on site in Dioïla to a clientele of women and men. They plan to make a monthly profit of 40,000 FCFA per person. The profits are partly reinvested in their business, with the rest going towards daily family expenses.
Translated from French by Jarred Taylor, Kiva Volunteer