A loan of $1,225 helped a member to purchase firewood and jewelry.

Kolaban (Let's Be Decisive) Group's story

Kolaban is the name of a group of women who live in the quarter of Dar Salam, in the city of Koutiala. They live in large traditional families with their husbands, children and other parents. They are 37 years old on average, they are married, and they have at least 5 children each.

This group of women is involved in the sale of various items, such as firewood, clothing, and jewelry, cereal grains, and cosmetics.

In order to increase their business the members of the group came together last year to request a loan from Soro Yiriwaso. They are on their second group loan, following the successful repayment of their first loan.

Korotoumou Keita is one of the members of the Kolaban group and she sells firewood and jewelry (necklaces, earrings, bracelets etc.) She plans on using her loan to purchase loads of firewood from local producers. She purchases firewood from the various brush locales in Sirakele, Kle, and Karaba. Her inventory of wood is important. She purchases her products in the market from the wholesalers. She sells firewood in cash and credit from her home, to a clientele exclusively made up of women. She sells her jewelry on credit from her home and wherever she goes.

The members of the Kolaban group expect to make an average monthly income of 110 000 FCFA through the span of this loan cycle. Korotoumou Keita expects to earn 1200 000 FCFA.

Aside from repayment of their loan, they will use a part of their income to meet their family’s daily expenses.

In this group: Korotoumou , Fanta , Kadia , Kossa , Sali , Koniba

Translated from French by Kiva volunteer

Loan details

Lenders and lending teams

Loan details