A loan of $525 helped a member to purchase the ingredients for making beignets.


Danaya Group's story

The group DANAYA is composed of married women, who average 43 years of age and five children each. They all live in traditional families in the village of TINGOLE, in Commune de TINGOLE, Préfecture de Dioïla, Région de Koulikoro (2nd administrative region of the Republic of Mali). They know one another through ties of kinship, community, and friendship. They work in food service and do commerce in beignets and charcoal.

The women of the group DANAYA are on their fourth solidarity loan. With the goal of satisfying the enormous demand from their customers, they turned to the microfinance institution Soro Yiriwaso.

This client, SOUMBA, who is the first person standing at the right in the photo, is uneducated. She is currently a vendor of bean beignets. She intends to purchase a sack of beans and 40 kg of shea butter from peasant farmers of the village. Sales are made to a mixed customer base paying cash at the village's daily market. She plans on making a profit of 22,000 francs CFA per month that will in part be reinvested in her business.

In this group: Mariam , Sira, Sira , Batou , Soumba

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Translated from French by Kiva volunteer Daniel Kuey



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