A loan of $1,200 helped a member purchase of condiments and clothing for re-sale.

Danaya (La Confiance) Group's story

The six women of the Danaya group belonging to the Badegna association are all married. They have an average age of 35 and on average, 3 children, and live in big traditional extended families in the Hamdallaye district of the town of Koutiala (Sikasso region, Republic of Mali). They met because of living in the same neighborhood. They have almost the same business, selling a condiment ("Soumbala" a condiment made from "néré" tree seeds, which is much loved by Malians). Besides this main business, they also sell clothing. To satisfy the needs of their ever-growing clientele, the Danaya group decided to join the micro-finance institution Soro Yiriwaso, with whom they are on their third solidarity loan (group loan). All the preceding loans have been correctly reimbursed.

They intend to use this loan to buy sacks of néré seeds at a reasonable price in the villages of Dogonasso, Koro Barrage, and Molobala. As for the clothing, they buy it in Bamako (capital of the Republic of Mali). The "soumbala" is sold wholesale in the market at Bamako and it is there that they stock up on clothing which is sold door-to-door, out of their homes, and in the market at Koutiala.

They each hope to make an average profit of 120,000 F CFA during the course of this loan cycle. That money will be used to repay the loan and to cover the expenses of their extended families, with any remainder invested in their business capital.

In this group: Mariam, Maminè, Fanta, Assetou, Mariam, Biba

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Translated from French by Kiva volunteer Teresa Kramer

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