A loan of $1,900 helped a member to buy 50 bags of charcoal.

Horonkantigui Group's story

The HORONKANTIGUI group is made up of nine married women who are, on average, 43 years old with five children each. Most of these women live in traditional families in Kafela, a village which is very close to the city of Sikasso (third administrative region of Mali). Eager to meet the needs of their customers, they are taking their 17th loan with the microfinance institution Soro Yiriwaso.

Nawa (standing first from the left in the photo) sells charcoal and firewood. She is planning to use her loan to buy 50 bags of charcoal, each bag weighing 100 kilos. She buys her merchandise in Kafela and the surrounding villages. She resells in Sikasso, to both men and women. Her customers pay her in cash or on credit. She is expecting to make an average monthly profit of 26,000 CFA francs, part of which will be used to repay her loan and the interest, while the rest will be saved.

In this group: Nawa , Awa, Sali , Nassan , Minata, Maminata , Assanatou , Djenebou, Djatou

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Translated from French by Kiva volunteer Sophie Narayan

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