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Horonya Group
In this Group: Rokia , Nana Kadidia , Nene , Kadiatou , Soumba , Assanatou , Catherine , Tenin
The Horonya group is made up of eight women (six married, one widow and one single). They are on average 28 years old with two children and live in Sanoubougou I, one of the neighborhoods of the town of Sikasso (third administrative region of Mali).

This is their first collaboration with the microfinance institution Soro Yiriwaso in order to practice income-generating activities.

This group of women sells various articles such as “pagnes” [traditional colorful wraparound fabric] as is the case for Nana Kadidia C.. They also sell firewood, beauty products, second hand clothing and beverages.

Nana Kadidia C. wants to use her loan to buy 20 packages of “pagnes”. She gets her supply at the large Sikasso market and in Burkina Faso (a neighboring country).
The “pagnes” are sold at the Sanoubougou I market and inside the neighborhood to a customer base of women and men, for cash and often on credit.

She plans to make an average monthly profit of 15,000 Franc CFA. . One part will be used for the family’s expenses and the other will be reinvested in the business.
View original language description ↓
Le groupe Horonya est constitué de huit femmes (six mariées, une veuve et une célibataire) ayant en moyenne 28 ans, 2 enfants et habitant à Sanoubougou I un des quartiers de la ville de Sikasso (3ème région administrative du Mali).
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de pouvoir mener des activités génératrices de revenus.
Ce groupe de femmes fait le commerce d’articles divers tels que les pagnes avec Nana Kadidia C., le bois de chauffe, les produits de beauté, la friperie et les boissons.
Nana Kadidia C. compte acheter avec son prêt, 20 colis de pagnes.
Elle s’approvisionne au grand marché de Sikasso et au Burkina Faso (un pays voisin). Les pagnes sont vendus au marché Sanoubougou I et à l’intérieur du quartier à une clientèle composée de femmes et d’hommes, au comptant et souvent à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 15.000FCFA dont une partie sera utilisée dans les dépenses de la famille et l’autre partie sera investie dans les activités.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 534.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Horonya Group's $750 loan helped a member purchase of "pagnes".
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010