Today, get an extra $25 to lend when you make your first Kiva loan.
Total loan: $450
Segou, Segou, Mali / Food
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Kotognontala Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy condiments.
Kotognontala Group's story
The five women of the Kotognontala group all live in nuclear families. They are, on average, 40 years old and have four children. And they all live in the Bougouni area of Ségou (the fourth administrative region of the Republic of Mali). These women know each other from neighborhood, family, and marriage ties, and from their work in the area. They work in small-scale commerce selling condiments, clothing, and cosmetics. With the goal of increasing their business funds, the group members decided to collaborate with Soro Yiriwaso, and they are on their second group loan. Oulematou (the woman standing second from the right in the photo) is a successful merchant who sells condiments in Bougouni and surrounds. She plans to use her loan to buy a large amount of various types of condiments in Ségou. Sales are made for cash and often for credit from her home and at a market to a mixed group of customers. Oulematou hopes to earn an average monthly profit of 32,000 francs CFA with this loan, which will be used to cover her children's small needs and to also increase her business funds.