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Danaya Group
In this Group: Maimouna , Maimouna , Minata , Mariam
The Danaya group is composed of 4 married women with an average age of 33 and, on average, 3 children, who mostly live in nuclear family settings in the Massabla Coura district of Bougouni town. They got to know each other thanks to neighbourly and business relationships, and friendships. In order to strengthen their financial capacity so that they can better do business, the members of the group decided to join the Soro Yiriwaso microfinance institution and are on their 7th loan. The 6 preceeding loans were correctly repaid. The women in the group sell cups, clothing and various other items.

Maimouna, the group leader, is the woman sitting in front wearing a reddish pagne (colourful West African dress). She sells cups made from foil, thermoses and all sorts of plastic items and plans to use her loan to buy 20 dozen foil cups and 10 dozen thermos cups from the wholesalers in Bamako. She makes her sales at the market and door-to-door to her retail clientèle, essentially made up of women, for cash or credit. She expects to make an average monthly profit of 60 000 francs which will be reinvested in her business and used to repay her loan.
Danaya est un regroupement de quatre femmes toutes mariées ayant une moyenne d’âge de 33 ans, 3 enfants et vivant majoritairement dans des familles nucléaires dans le quartier Massabla coura de la ville de Bougouni.
Elles se sont connues à travers des liens de voisinage, d’amitié et de commerce. Afin de renforcer leur capacité financière afin de mieux faire leur commerce, elles ont adhéré à l’institution de microfinance Soro Yiriwaso avec laquelle elles sont à leur septième prêt. Les six précédents prêts ont été correctement remboursés. Ce groupe de femmes fait le commerce de tasses, d’habits et d’articles divers.
MAIMOUNA, qui est la présidente du groupe est assise devant en pagne rougeâtre. Elle fait l’achat vente de tasses en alu, en thermos et en plastiques toutes sortes et compte acheter avec son prêt, 20 douzaines de tasses en alu et 10 douzaines de tasses en thermos avec les grossistes de Bamako. Elle effectue ses ventes au marché et à domicile, en détail au comptant et à crédit à une clientèle composée essentiellement de femmes.
Elle envisage réaliser un bénéfice mensuel moyen de 60.000FCFA qui sera investi dans les activités et rembourser le prêt.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 53
    View loans »
    Mali Loans Fundraising
  • $12,694,550
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD