A loan of $450 helped a member to buy groundnuts.

Danaya Group's story

Danaya Group ("Confidence") is composed of four married women who, on average, are 40 years old and have six children. They live with their children, husbands and cowives in traditional extended families in Torakabougou, one of the neighborhoods of the city of Bougouni (third administrative region of the Republic of Mali). They came to know each other through ties of business, kinship and neighborhood.

Faced with the need to increase their working capital and boost their activity level, the group members decided to join the microfinance institution Soro Yiriwaso and finance their activities in catering and trading with iceboxes, thermos cups and groundnuts (the latter is Adiara's activity). This is their second loan, the first one having been repaid on schedule.

Adiara intends to use this new loan to buy 4 sacks of 100 kilograms of groundnuts in Bougouni and from farmers in nearby villages. She retails the products at the great market in Bougouni, for cash or credit, to a clientele mostly made up of women.

Thanks to this loan, Adiara expects to make an average profit of 17,500 CFA francs a month. She will use it to repay the loan, and any amount left will be reinvested in her business.

In this group: Fatoumata , Adiara , Oumou , Mari

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Translated from French by Kiva volunteer Robert Mouris

Loan details

Lenders and lending teams

Loan details