A loan of $725 helped a member to buy bazin (damask) fabric and fabric dyes.

Danaya (La Confiance) Group's story

Danaya is a group of women from the Hamdallaye area of the city of Koutiala who know each other well. They live together in the same area, in traditional households with their husbands and children. They are on average 30 years old, married, and have 4 children.
The majority of the women in the Danaya group dye and sell bazin fabric (a type of damask) and shoes.
To increase the size of their businesses, the group members decided to join the credit program of Soro Yiriwaso (one of Kiva's field partners).
One of the members, Daly K., buys, dyes, and sells bazin fabric. She is highly sought-after because she is talented. In addition to her sales, she also frequently receives clients for fabric services.
She intends to use her loan to buy pieces of bazin fabric and dyes. She procures these goods at the grand market in Koutiala at wholesale, and then sells the final articles - the dyed bazin fabric - at retail, in cash and on credit, to a diverse and varied clientele.
While the other members of the Danaya group each intend to realize a monthly profit of 55,000 FCFA throughout the loan cycle, Daly K. herself intends to realize a profit of 65,000 FCFA.
In addition to repaying the loans, they use a portion of their income to meet the current needs of their families.
They aspire to reinforce their partnership with Soro Yiriwaso in order to strengthen their businesses.

In this group: Daly , Nana, Fatoumata , Awa , Diénéba , Massan , Ina

Translated from French by Kiva volunteer

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