A loan of $3,325 helped a member to purchase Wax 'pagne' cloth.

Danaya Group's story

Most of them married in monogamous marriages, the eight members of the group Danaya average 38 years of age and three children each, all living in Lafiabougou, a district in Bamako. And they know one another through ties of community and their revenue-generating businesses at the Lafiabougou market. The group members have small-scale businesses involving clothing, sand, juice drinks, soaps, and cosmetic products.

With the goal of increasing their business capital, the group members decided to collaborate with the microfinance institution Soro Yiriwaso and are now on their second solidarity loan cycle.

Ms. Ami (sitting second from the right in the photo) is a major vendor of clothing of Wax ’pagnes’ (the colorful cloth of western Africa). She intends to use her loan to purchase 40 lengths of Wax ‘pagne’ cloth wholesale at the big market. In Lafiabougou and by hawking, her sales are made at the retail level to mostly women customers.

With this loan, Ms. Ami hopes to make an average monthly profit of 90,000 francs CFA that will be used for reinvesting in her business and for meeting sundry needs at home.

In this group: Maïmouna, Kani, Assitan, Mariam, Fatoumata, Diaminata, Ami, Fatoumata

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

Lenders and lending teams

Loan details