A loan of $425 helped a member to buy cosmetics.

Danaya Group's story

The four women of the Danaya group average 38 years of age with four children each, and they all live in nuclear families in Ouelessebougou town, in the prefecture of Kati, linked to Koulikoro (Mali's second administrative region).

They are on their first loan from the microfinance institution, Soro Yiriwaso, with an aim of satisfying their customers' needs. This group of ladies trades in cosmetics, school materials, clothes, as is the case for Aminata D., etc. With her loan she is planning on buying three dozen perfumes, two dozen ointments, creams and nail varnish. She gets her supplies at the large market in Ouelessbougou and sells them at the same market, but also walking around the various districts and professional establishments and at home, to a customer base made up of men and women, on a retail basis, for cash and on credit. She is planning to make an average monthly profit of 20,000FCFA, of which part will be used to help her husband with the daily expenses and the rest reinvested in her business.

In this group: Sira , Mari , Aminata , Sanata

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Translated from French by Kiva volunteer Alison Le Bras

Loan details

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Loan details