A loan of $1,225 helped a member buying condiments.

Danaya Group's story

The group Danaya of the association Fotemogoban is composed of four married women of the city of Tènè, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional extended families.  They know one another through ties of community and kinship.  They average 43 years of age and have at least eight children.  And they operate nearly the same businesses, namely selling a variety of merchandise and condiments.  Nana Traoré, who is a member of the group, became specialized in selling condiments of all kinds. 

In order to satisfy the needs of their ever-growing customer base, these women found a solution to their problem by having joined the micro-finance institution Soro Yiriwaso four years ago.  They are now on their seventh group loan after having properly repaid the six preceding ones. 
Nana Traoré plans on using her loan to buy 40 packets of Maggi (bouillon cubes), 12 sacks of table salt, 400 kg of beans, 2 packets of black pepper, and 20 kg of garlic.  She stocks up wholesale in San and then sells retail in San and in Tènè.  She hopes to make 32,500 francs CFA in profit per month, while the other members intend to make a monthly profit of 29,500 francs.

In this group: Fatoumata , Sali , Nana , Zouma

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Translated from French by Kiva volunteer Daniel Kuey

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