Total loan: $2,375

Danaya Group

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Bamako, Bamako Capital District, Mali / Food

Danaya Group's loan finished fundraising,
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A loan helped to buy fruits and vegetables.

Danaya Group's story

The Danaya group is composed of six women, most of whom are married and living in monogamous households. On the average, they are 31 years old with two children. They all live in Sabalibougou, a district of Bamako. They know each other through their local “tontines” [neighborhood savings group] as well as through their work. The group members have different lines of business, for example selling fruits and vegetables, clothing, charcoal, yams and cosmetic products. With the goal of expanding their business, the group members have decided to reach out to Soro Yiriwaso and are on their second solidarity loan. Mrs. Mariam (the one seated on the far right in the photo) is a well-known vendor as her fruits and vegetables are in high demand with the women in Sabalibougou. She plans to use her loan to buy one bag of oranges, 40 watermelons, three bags of melons and 30 pineapples. She stocks up in Médine. She sells in Sabalibougou, for cash, to a mixed clientele. With this loan, Mrs. Mariam plans to earn an average monthly revenue of 50,000 West African francs, which will be used to provide for her needs and reinvest in her business. Her goal is to continue this partnership with Soro Yiriwaso and keep taking out loans.