A loan of $2,100 helped a member to buy firewood.


Danaya Group's story

Danaya Group ("Confidence") is composed of seven married women and one widow, who on average are 36 years old and have five children. Most of them live in monogamous families in Sanoubougou I, a neighborhood of the city of Sikasso (third administrative region of Mali).

This is their sixth group loan from the microfinance institution Soro Yiriwaso to satisfy the needs of their customers. Their previous loans have been repaid on schedule.

The women in this group trade with firewood and charcoal. Mrs Fatoumata K. intends to use her loan to buy a truckload of firewood (10 tons). She gets her supplies in nearby villages of the Sikasso region. She will retail the firewood, for cash and credit, to a clientele made up of men and women.

Mrs K. expects to make an average profit of 90,000 CFA francs a month, which she will use to provide for her family and repay her loan.

In this group: Fatoumata, Mah , Fatoumata , Awa , Korotoumou , Awa , Awa , Fatoumata

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Translated from French by Kiva volunteer Robert Mouris



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