Funded

Total loan: $1,800
Powered by 49 lenders

Horongna (La Dignité) Group

Mali
Koutiala, Mali / Cosmetics Sales

A loan of $1,800 helped a member to buy cosmetic products.


Horongna (La Dignité) Group's story

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.

In this group: Nematou , Ramata , Korotoumou , Tenin , Sali , Aïchata , Binta , Kadidiatou , Awa
*not pictured

Translated from French by Kiva volunteer S Mason



Loan details

Loan length:

7 months
Disbursed date: November 6, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: November 6, 2012
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children