Funded

Total loan: $975
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Danaya Group

Mali
Bougouni, Mali / Food Market

A loan of $975 helped a member to buy condiments for resale.


Danaya Group's story

The DANAYA group is made up of four women, all of them married, who are on average 42 years old and have, on average, four children. They live in extended traditional families with their husbands, co-spouses, brothers and sons in the Médine district of the town of Bougouni. They met through being neighbors, friends and business associates. To strengthen their financial capacity and improve their businesses, they joined the microfinance institution Soro Yiriwaso with whom they are on their third loan. The preceding loans have been correctly reimbursed.

This group of women sell condiments, tubers and clothing. SALIMATA who is the president of the group and the only woman who is seated in the photo sells condiments. She intends to use her portion of the loan to buy various packets of condiments from the wholesalers of Bougouni. She makes her sales in the market and at home, retail and for cash or credit, to a clientele essentially made up of women. She expects to make a monthly average profit of 90,000 F CFA which will be invested in her business and used to reimburse the loan.

In this group: Salimata , Awa , Batoma , Adiara
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Teresa Kramer



Loan details

Loan length:

7 months
Disbursed date: November 7, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: November 7, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children