Funded

Total loan: $1,500
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Danaya Group

Mali
Bougouni, Mali / Used Clothing

A loan of $1,500 helped a member to buy second-hand clothing for resale.


Danaya Group's story

The group Danaya consists of three married women and two widows who average 37 years of age and four children each. They live in traditional families in the district of Massablacoura, in the city of Bougouni. They know one another as neighbors, friends and colleagues. They sell second-hand clothes.

They joined the microfinance institution Soro Yiriwaso to bolster their capital and better run their businesses. This is their second loan cycle with the MFI. Their first loan was correctly repaid.

Fatoumata, seen in the center, is the president of the group. She buys and sells used clothing. She will use her loan to buy three bales of used clothing from wholesalers in Bamako.

She conducts her sales at the market and from her home, at retail, for cash or credit, to a customer base consisting of both men and women.

She expects to earn an average monthly profit of 60,000FCFA, which she will use to repay her loan and to invest in her activity.

In this group: Fatoumata , Walama , Kadiatou , Maimouna, Naminata
*not pictured

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Loan details

Loan length:

7 months
Disbursed date: November 9, 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 9, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children