A loan of $1,275 helped a member to buy condiments.


Danaya Group's story

The Danaya group is made up of four women who are all married and average 45 years of age with three children each. They live in extended traditional families in the Torakabougou district of the town of Bougouni. They got to know each other as neighbors and friends and through their business activities. In order to boost their financial capacity so that they can carry out their business activities better, they joined the microfinance institution, Soro Yiriwaso, and are on their third loan with the insitution. The two previous loans were repaid in full. This group of women sell condiments and this is the case for Awa, who is standing on the far right of the photo. With her loan she is planning to buy various quantities of condiments from wholesalers in Bougouni and sometimes in Sikasso. She sells her products at the market and from home, on a retail basis, for cash and on credit to a customer base made up mainly of women. She expets to make an average monthly profit of 45,000FCFA, which will be used to reinvest in her business and repay her loan.

In this group: Awa, Awa, Mamou, Bassira
*not pictured

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Translated from French by Kiva volunteer Alison Le Bras



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