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Total loan: $2,350
Kangaré, Sikasso Region, Mali / Clothing
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Kotognotala Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy clothing.
Kotognotala Group's story
Kotognotala is a group from the association Danaya of Kanagre. It brings together women who know each other through family and neighborly ties. They are on average 34 years old, are married, and have on average four children each. They run different businesses such as the buying and selling of clothing like Lala who is the third person sitting down from right to left in the photo. They live in large nuclear families in Kangare in the prefecture of Yanfoila (in the region of Sikasso, Republic of Mali). They have been working in their small businesses for many years and are very sought after in their activities of buying and selling clothing: traditional wax fabric skirts and second hand clothing. In an effort to satisfy the needs of their clients, the members of the group decided to join the loan program of Soro Yiriwaso. They are on their first group loan. Lala, who is a very well-known member of the group in Kangare, is excellent in the selling of clothing. She plans to use her loan to buy 15 pieces of wax skirts and one sack of secondhand clothing. She gets her supplies in Bamako from wholesalers and she resells them in Kangare for cash or on credit to a mixed clientele. She hopes to earn a monthly profit of 65,000FCFA which will allow her to reimburse her loan and reinvest in her clothing business.