A loan of $925 helped a member to buy used clothing and smoked fish.

Danaya (La Confiance) Group's story

The nine women in the Danaya group from the Benkadi association are all married. Their average age is about 31 and they have an average of five children each. The Danaya group members live in traditional large extended families in the Dalan neighborhood of San (a town in the Ségou region of the Republic of Mali).

They got to know each other through neighborhood and family connections.

They all perform the same business activity: buying and selling used clothing and smoked fish. They are very much in demand in this business.

In order to satisfy the needs of their ever-increasing clientele, the Danaya group found a solution to their problems by joining the Soro Yiriwaso micro-finance institution with whom they are requesting their first group loan.

They intend to use this loan to buy bales of used clothing in Bamako (the capital on the Republic of Mali), and cartons of smoked fish in Mopti and San. The fish are sold separately for cash from home and in the markets around San. As for the used clothing, it is sold at the San market, from home and door-to-door for cash or credit.

During this loan cycle, each member of the group expects to make an average profit of 60,000 FCFA, which will be used to repay the loan interest, provide for the needs of the extended family and the remainder will be invested in the business.

In this group: Fatinè, Tènè, Babou, Kadia, Assan Dara, Mah, Fanta, Assitan, Maminata

Translated from French

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