A loan of $1,600 helped a member to buy damask cloth.

Kotognogotala Group's story

The Kotognogotala group is a group of five women from the city of San, region of Ségou. They are on average 45 years old, married, and mother of at least five children. The members of the Kotognogotala group sell fabrics, condiments, and diverse products. To satisfy the needs of their clientele that hasn’t stopped growing, the group members decided to work with microfinance institution Soro Yiriwaso two years ago. After having properly repaid two previous loans, they are on their third loan in order to grow their business. Mariam, standing in the middle of the photo, plans to use her loan to stock up in Bamako by buying a dozen Wax cloth pieces and rich damask cloth pieces. She sells for cash or credit and hopes to earn 45,000 FCFA per month. Other than repaying her loan, she will use a portion of her earnings to care for her children and other family expenses. As for the other women of the group, they hope to earn 40,000 FCFA per month. The women of the Kotognogotala group are seeking the support of Soro Yiriwaso to grow their businesses and diversify their revenue sources.

In this group: Fatoumata, Fatoumata K., Mariam, Awa, Minata

Translated from French by Kiva volunteer Sherry W.

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Loan details