A loan of $750 helped a member to buy condiments.

Kotognogontala Group's story

The members of the Kotognogontala group are all married women and are on average 30 years old with three children. Most live in monogamous families in KAMALEN SIRAKORO, one of the villages in the commune of Sikasso (3rd administrative region of Mali).

They collaborate with the Soro Yiriwaso MFI to satisfy their customers’ needs and are requesting a third group loan. All past loans have been repaid in full. Group members sell food condiments, soap, traditional medications, sweets and smoked fish.

With her new loan Minata D. (who prepares food condiments) will buy 4 packages of condiments (tomatoes, onions, peppers, cabbage, gombos, salt, oil, peanut paste, etc.). She gets her supplies from the market in Sikasso and from neighbouring villages. She resells at the KAMALEN SIRAKORO market and through home delivery, for cash and often for credit, to women customers.

She is hoping to attain an average monthly income of 32,500 FCFA of which part will be put into savings and used for family expenses, while the remainder will be reinvested in the commercial activities. She is hoping to accumulate more capital to better satisfy her customers and to fix up her stall.

In this group: Maïmouna , Minata , Natali , Bâ , Sirantou

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Translated from French by Kiva volunteer René McConnell

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