Funded

Total loan: $500
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Danaya Group

Mali
Fana , Mali / Charcoal Sales

A loan of $500 helped a member to buy charcoal.


Danaya Group's story

Most of the women in the DANAYA group are married, are on average 25 years old with 4 children, and live in traditional nuclear families in the village of Werekela, Fana sub-prefecture, Dioila prefecture, in the Koulikoro region of the Republic of Mali. They met each other through professional contacts and are engaged to a large extent in the buying and selling of charcoal. With the intention of augmenting their charcoal stocks and satisfying the needs of their customers, they decided to join the microfinance institution Soro Yiriwaso, and are seeking their fifth group loan. They have obtained four previous agricultural loans, which were all repaid without problems. These women plan to use this loan to buy 13 tonnes of charcoal from the coal sellers in Werekela, in order to re-sell their goods in cash and at retail on the side of the main Bamako-Segou road to a clientele composed mainly of travellers and retailers. With this loan, they intend to generate a profit of 15,000 FCFA, which will be used to take care of and pay for the educational costs of their children.

In this group: Fatoumata , Assitan , Youma , Aminata , Sitan , Setou , Sitan , Fatoumata , Farima , Gneba
*not pictured

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Loan details

Loan length:

8 months
Disbursed date: February 19, 2009
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 19, 2009
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children