Total loan: $1,700

Danaya Group

Flag of Mali
Segou, Segou, Mali / Retail

Danaya Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped Purchase of varried goods.

Danaya Group's story

The Danaya group includes six women, two widowed and four are married in big traditional families. They are on average 37 years old with 4 kids and live in the Hamdallaye neighborhood in the town on Ségou (4th administrative region of the Republic of Mali.) They know each other from around the neighborhood, through professional ties and friendship. They do business in a varied goods as well as cloth dyeing and food preparation. It's in the wish of making more profitable and diversifying their activities that they decided to join the Soro Yiriwaso credit program. They are on their 5th group loan after correctly repaying the 4 proceeding ones.

This loan would be used to buy 20 cart loads of firewood, 10 bags of rice and 35 children's outfits. They usually stock up on rice at market in Château de Ségou, on wood from farmers in Diakoro and Kolonkolo and on kids clothing at Château market. The ingredients for the food preparations the rice, the beans, the noodles, the fish and meat are bought at the large market of Ségou.

They carry out their retail sales in cash and credit to both men and women. The plan to average a monthly income of 43.250FCFA which would be used to repay the loan, to see to the small needs of the families and be used to participate in social events (baptisms, marriages and funerals.) Their dream is to have claim to decent housing for them and their kids because the joint housing is not solely owned by them.

Translated from French by Colleen Creegan, Kiva Volunteer