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Horongna (La Dignité) Group
In this Group: Nematou , Ramata , Korotoumou , Tenin , Sali , Aïchata , Binta , Kadidiatou , Awa
Horongna is a group of women from Hamdallaye who know each other well and live in large traditional families with their husbands, children and other parents. They are on average 34 years old, married and have an average of 4 children each.

This group of women sells a variety of items such as fabric, firewood, gumbo, pottery products, cosmetics, etc.

To increase the size of their businesses, the members decided to join Soro Yiriwaso's loan program. They are on their third group loan.

Korotoumou is a member of the group Horongna. She is sitting in the middle, and excels in the sale of cosmetics.

She plans to use her loan to buy two cartons of skin creams, two packages of hair extensions and one carton of creams. She gets these products in the market in Koutiala. She sells these items retail for cash in a hair salon in Hamdallaye, from home and as an itinerant saleswoman, to a clientèle mostly made up of women.

While the other members of the group Horongna plan to make an average monthly profit of 102,500 FCFA each during this cycle, Korotoumou plans to make 140,000 FCFA.

In addition to repaying the loans, they will use part of the income to take care of their personal expenses and expand their businesses.

Korotoumou wishes to strengthen her partnership with Soro Yiriwaso so that her stock isn't as scarce.
View original language description ↓
Horongna est un regroupement de femmes de Hamdallaye qui se connaissent bien et vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 34 ans, sont mariées et ont en moyenne 4 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels le tissu, du bois de chauffe, du gombo, des produits de poterie, des produits cosmétiques, etc.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso. Elles sont à leur troisième prêt de groupe.
Korotoumou est un membre du groupe Horongna, assise au milieu, qui excelle dans la vente des cosmétiques.
Elle compte utiliser son prêt pour acheter, deux cartons de pommades pour la peau, 2 paquets de mèches et un carton de crèmes. Elle se procure de ces produits au marché de Koutiala. Elle vend ses articles en détail et au comptant dans un salon de coiffure à Hamdallaye, à domicile et en ambulant, à une clientèle essentiellement composée de féminine.
Tandis que les autres membres du groupe Horongna comptent réaliser un bénéfice mensuel moyen de 102 500CFA chacune au cours de ce cycle, Korotoumou compte réaliser 140 000FCFA.
En plus du remboursement des prêts, elles utiliseront une partie du revenu pour faire face aux dépenses personnelles et augmenter leurs fonds de commerce.
Korotoumou souhaite renforcer son partenariat avec Soro Yiriwaso pour que les stocks ne soient plus rares.

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
  • 11
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 504.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Horongna (La Dignité) Group's $1,800 loan helped a member to buy cosmetic products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013