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Danaya ("confidence") Group
In this Group: Mariam , Treize , Kadia , Assétou , Maïmouna , Tar , Aminata
Danaya is an association of Koutiala women who know one another well, since they live together in the same district, in large traditional families with their husbands, children, and co-wives.  Married, these women average 34 years of age and have at least three children each.  They buy and sell cosmetics, clothing, ingredients for food catering, and firewood.  To increase the size of their businesses, the members of the group decided to join the loan program of the micro-finance institution Soro Yiriwaso. 

Assétou Boiré, who is one of the members of the group Danaya, buys and sells cosmetics of all sorts (incense, ointments, perfumes, etc.)  In addition, she occasionally sells fine accessories, necklaces, brackets, and earrings.  She is in high demand.  Assétou intends to use her loan for buying a sizable quantity of cosmetics.  She procures these goods wholesale at the big market of Koutiala, and then she sells them retail, accepting cash from a customer base essentially of women.

While the other group members each plan on making an average profit of 105,000 francs CFA over the course of this cycle, Assétou herself plans on making 120,000 francs.  In addition to repaying these loans, the women are using part of the revenues for coping with typical family expenses.
View original language description ↓
Danaya est un regroupement de femmes de Koutiala qui se connaissent bien car elles vivent ensemble dans le même quartier, dans de grandes familles traditionnelles avec leurs maris, enfants et coépouses. Elles ont en moyenne 34 ans, sont mariées et mères d’au moins 3 enfants.
Les membres du groupe Danaya font l’achat vente de produits cosmétiques, d’habillements d’ingrédients pour la restauration et le bois de chauffe.
Pour augmenter la taille de leurs activités, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso.
Assétou Boiré qui est un des membres fait l’achat et la vente des produits cosmétiques de toutes sortes (encens, pommade, parfums etc.) En plus elle vend occasionnellement les parures, colliers bracelets et boucles d’oreilles. Elle est très sollicitée.
Elle compte utiliser son prêt pour acheter, une importante quantité de produits cosmétiques. Elle se procure de ces marchandises au grand marché de Koutiala en gros pour les revendre en détail et au comptant à une clientèle essentiellement féminine.
Tandis que les autres membres du groupe Danaya comptent réaliser un bénéfice moyen de 105 000FCFA chacune au cours de ce cycle, Assétou Boiré elle, compte réaliser 120 000 FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses courantes de la famille.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 60
    View loans »
    Mali Loans Fundraising
  • $12,694,675
    Funds lent in using Kiva
  • 488.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD