Total loan: $3,175

Danaya Group

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Sikasso, Sikasso, Mali / Arts

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

A loan helped To purchase supplies to dye fabric.

Danaya Group's story

The eight members of the group named Danaya are married women who are on average 32 years old and they each have 2 children. They majority of them live in monogamous families in Ouayerma I, a quarter in the city of Sikasso, third administrative region of Mali. In order to meet client demand they have requested their ninth group loan with the microfinance institution of Soro Yiriwaso (Kiva Field Partner). The previous loans were all successfully repaid. They excel in the business of dying fabric with Awa F.. With the new loan she plans on purchasing 10 pieces of bazin fabric, and 20 kg of fabric dye. She acquires her goods in the market in Sikasso. She resells the dyed garments in Sikasso from the workshop she has in her home. She completes her sales in cash and her clientele is made up of both men and women. She expects to earn a monthly income of 70.500 FCFA and a portion of this profit will be put away in savings and some will be used to fill the family's needs. The remaining portion will be reinvested back into the business.