Total loan: $725
Sikasso, Sikasso, Mali / Food
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A loan helped Purchase of non-alcoholic drinks.
Kotognogontala. Group's story
The seven members of the Kotognogontala group are married women who average 37 years of age with two children; the majority of them live in polygamous families in Sanoubougou 1, one of the districts of the town of Sikasso (third administrative region of Mali). They are on their fifth loan from the microfinance institution, Soro Yiriwaso, which they are taking out to satisfy the needs of their customers; all their previous loans have been repaid on time. They have a variety of activities which include among others the sale of food condiments, non-alcoholic drinks, palm oil, firewood, haberdashery products and poultry. Absetou F., who is one of the group members, is specialised in the preparation of fruit juices and the sale of non-alcoholic drinks. With this new loan, Absetou F. is planning on buying 20 crates of non-alcoholic drinks from local authorised depositories in Sikasso. She sells on a retail basis for cash and rarely on credit, in various districts of the town, to a customer base made up of men and women. In common with the other group members, she hopes to make an average monthly profit of 13,500FCFA, of which part will be saved and the rest invested in the business.
Translated from French by Alison Le Bras, Kiva Volunteer