A loan of $1,150 helped a member to buy potatos, yams, cloth, wax and other items for resale.

Danaya Group's story

The four women of the DANAYA group are all married and in monogamous families. On average they are 38 years of age and have 2 children. They live in MEDINE, one of the neighborhoods of the city of Sikasso, 3rd administrative region of Mali. They are on their eighth loan with the Soro Yiriwaso microfinance institution, with the intention of satisfying the needs of their clientele and increasing their profit. All the preceding loans were repaid well. They perform various activities, including the sale of fabrics and clothing, restoration and the sale of root vegetables (potato, yam, etc.), among others. With this new loan, they plan to buy, 20 sheets of wax, 20 packages of fabrics for children, 15 bags of potatos and 200 kg of yams. They supply themselves in the big market of the city of Sikasso, Bamako and in the surrounding towns. The merchandise is sold from a location in the big market of Sikasso city, door-to-door and on foot to a cash clientele composed of both women and men. They hope to realize an average monthly profit of 18,000 FCFA each, of which a part will be used to help their husbands and the rest will be invested in the business and in repaying the loan. The women of the DANAYA group aim to become wholesale traders.

In this group: Safoura, Mariam, Fatoumata, Nana

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Translated from French by Kiva volunteer B Brown

Loan details

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Loan details