A loan of $725 helped a member buying cosmetic products.

Danaya ("confidence") Group's story

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.

In this group: Mariam , Treize , Kadia , Assétou , Maïmouna , Tar , Aminata

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Translated from French by Kiva volunteer Daniel Kuey

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