Total loan: $1,050
Bamako, Bamako Capital District, Mali / Retail
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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 to purchase a variety of goods.
Danaya Group's story
Married for the most part in monogamous marriages, the four members of the group Danaya average 42 years of age and three children each. The women all live in Djalakorodji, a district of Bamako, and they know one another through ties of community and their revenue-generating businesses at the Dialakorodji market. The group members have small-scale businesses involving grains, fine accessories, grains, secondhand clothing, and general merchandise. With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their 3rd solidarity loan cycle. Ms. Aiche (the woman sitting second from the left in the photo) is specialized in selling general merchandise. She intends to use her loan to purchase 7 boxes of hair extensions, 2 dozen earrings, a box of ointment, and a box of lip gloss. She gets her supplies in Bamako. Her sales are made retail to a customer base mostly composed of girls in Djalakorodji. With this loan, Ms. Aiche plans on making an average monthly profit of 60,000 francs CFA that will be used to improve her working capital and to meet sundry needs at home.