100%

funded

Total loan: $2,475

Danaya Group

Sikasso, Sikasso, Mali / Food

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A loan helped buy bread.


Danaya Group's story

The eight members of the Danaya group are married women who on average are 44 years old with four children. Most of them live in traditional families in Ouayerma I, one of the populous neighborhoods in the city of Sikasso, the third administrative region of Mali. This is their fourteenth group loan with the Soro Yiriwaso micro-finance institution, seeking to meet their customers' needs. Mrs. Aminata, who is sitting in the first position from left to right in the photo of this Danaya group of women, sells bread. She intends to use her loan to buy large quantities of bread from a bakery in her neighborhood, where she is in high demand by customers for the quality of her products. She then retails the bread as an itinerant vendor, to a clientele composed of men and women, for cash and on credit. She expects average monthly profits of 36,000 CFA francs, a portion of which will be used to pay off the loan and its interest, and the rest to be put into savings.