Funded

Total loan: $1,075
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Horongna Group

Mali
Koutiala, Mali / Cosmetics Sales

A loan of $1,075 helped a member to buy cosmetics.


Horongna Group's story

Horongna is a group of married women from Koutiala who live in large traditional families, with their husbands, children, and other relatives. They average 33 years of age and four children.

The women in this group sell various products, such as cosmetics, brooms, fabrics, notions, and others. In order to bolster their businesses, the members decided to join the loan program from Kiva's partner, Soro Yiriwaso, from which they are seeking their eighth group loan.

Ramata is the woman sitting in the front in the photograph. She sells cosmetics (balsam, soap, and wallets). She intends to use her loan to buy these products in Koutiala. She sells at her home and at the market, to a diverse clientele.

Whereas the other members of Horongna intend to turn an average profit of XOF 120'000 during this loan cycle, Mrs. Ramata intends to reach XOF 130'000.

In addition to repaying the loans, the women use part of their profits to cover personal expenses and increase their working capital. They wishes to strengthen their collaboration with Soro Yiriwaso, in order to make sure they don't suffer from low stock.

In this group: Korotoumou , Ramata, Awa , Binta , Aichata
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Patrick Stadelmann



Loan details

Loan length:

8 months
Disbursed date: February 28, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams




Loan details

Loan length:

8 months
Disbursed date: February 28, 2014
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children