A loan of $425 helped a member buying ingredients for making doughnuts.


Kotognogotala Group's story

The group Kotognogotala of the association Benkadi is composed of married women of the city of San, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional families and average 39 years of age and have at least five children.  They know one another through ties of community and have been running small-scale businesses for several years selling a variety of merchandise:  condiments, beignets, and roasted peanuts.  The group members are now on their first experience with the micro-finance institution Soro Yiriwaso. This is their first solidarity loan.  The president of the group, Kadia Traoré, is in high demand by her customers for the quality of her beignets.  She plans on using her loan for buying 2 kg of rice, 3 kg of pearl millet, 50 francs of leavening, and 2 liters of vegetable oil.  After pounding the millet, Kadia mixes it with rice and then takes it to the mill.  With the resulting powder, she kneads it with water, table salt, and leavening at night.  The resulting dough is fried in the morning to obtain the beignets.  Her customer base is composed of women and men.  Kadia plans on a month profit of 12,000 francs CFA, while the other group members envision making a monthly profit of 11,000 francs.  This profit will be used for repaying the loan, providing for the family, and reinvesting in the businesses.

In this group: Kadia , Foune , Ramata , Fanta
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey



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