Total loan: $1,525
Kafela, , Mali / Retail
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Honronkantigui Group's loan finished fundraising,
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A loan helped Purchase of wood coal.
Honronkantigui Group's story
The Honronkantigui group is made up of eight married women who average 40 years old with four children. They live in Kafela, one of the villages of Sikasso (third administrative region of Mali). They are on their thirteenth collaboration with the microfinance institution Soro Yiriwaso in order to better meet their clients' needs. This group of women sells diverse articles like grains, firewood, and wood charcoal. Djenebou S., one of the members, counts on purchasing two tons of wood charcoal with her loan. She stocks up on supplies in her village and in neighboring villages. She sells charcoal to passer-bys on the asphalt road and in Sikasso village at the weekly fair. She makes her sales in cash to a clientele composed of men and women. She foresees making a median monthly profit of 15,500 FCFA which she will use to meet her family's needs (education and marriages of her children) and invest the rest in her business.
Translated from French by Kelly Percival, Kiva Volunteer