A loan of $1,725 helped a member to purchase various types of merchandise.


Danaya Group's story

Danaya is a group of five women (three are married and two are single) with an average age of 34 years and 3 children and living in private homes in Ouayerma, a district in the village of Sikasso, an economic hub in Mali.

In order to increase their sales, they have decided to work with the microfinance institution Soro Yiriwaso (Kiva Field Partner), this being the group's sixth loan. All of their past loans have been properly repaid.

They each carry out different businesses, such as firewood sales, sales of fruits and vegetables, and sales of fabrics.

With this new loan they plan on purchasing 20 rolls of printed fabrics, 10 wheelbarrows of firewood, 40 baskets of frutis and 2 measures of taffeta fabric.

They purchase their products from wholesalers in the large market in the village of Sikasso. The merchandise is later resold in the markets in Medine, and in various districts, to a clientele made up of both men and women, most of whom pay in cash.

Their monthlyh forecasted earnings are of 15000FCFA, part of which will be put towards the education and health care of their children, and another part will be used to repay the loan.

The women of the Danaya group are ambitious and plan on becoming wholesalers and plan on making trips from Mali to other neighboring countries.

In this group: Iya , Sanata , Mariam , Mariam , Fatou
*not pictured

Translated from French by Kiva volunteer



Loan details


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Loan details