A loan of $1,375 helped a member second-hand clothing.

Danaya Group's story

The members of the group Danaya are married women averaging 28 years of age and 3 children each living in conjugal nuclear families with their children and husbands. These women reside in the Dialanikoro district of the city of  Bougouni (3rd administrative region of the Republic of Mali). They know one another through ties of marriage, and they do commerce in second-hand goods (clothing, shoes, bags, etc.) 

Concerned about buying enough bales of used items to augment their stocks, the group members decided to join the micro-finance institution Soro Yiriwaso and are now on their fifth group loan.  The preceding ones have been properly repaid.  With this new loan, they intend to buy 9 bales of used clothing and the like at the Bamako market.  And then they will sell them at the Bougouni market to customers composed of women and men.  The goods are sold retail in cash transactions or on credit.

With this loan, the group members each plan on realizing a profit of 45,000 francs CFA per month that will be used to cover the costs of educating the children.

In this group: Fatoumata, Tou, Batoma, Djeneba

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details