A loan of $1,000 helped a member to purchase 'pagne' cloth.

Danaya Group's story

The group DANAYA comprises five married women averaging 29 years of age and three children each. The women live in traditional extended families in the Hérémakono Nord district of Bougouni City. They know one another through ties of community, friendship, and commerce. To bolster their financial capacity, so as to operate their businesses better, they joined the microfinance institution Soro Yiriwaso and are now on their second loan. The previous loan was correctly paid back.

This group of women does commerce in 'pagnes' (the colorful cloth of western Africa) and fabrics, as does HABI, who is the only women standing in the photo. She buys and sells fabrics and intends to use her loan to purchase 25 lengths of Wax 'pagne' from Bamako wholesalers. Accepting cash or credit, she makes her sales retail at the market and at home to a customer base composed essentially of women. She envisions making an average monthly profit of 22,000 francs CFA that will be reinvested in her work and used to repay the loan.

In this group: Amina, Rokiatou, Habi, Adiaratou, Awa

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details