Funded

Total loan: $825
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Kotognogontala Group

Mali
Sikasso, Mali / Food Production/Sales

A loan of $825 helped a member to buy "néré" grains to transform into Sounbala.


Kotognogontala Group's story

The four members of the Kotognogontala group are married women, who average 41 years of age with an average of six children each; the majority of them live in polygamous families in Kaboïla, one of the working-class districts of the town of Sikasso.

They are on their twenty-seventh loan from the micro-finance institution, Soro Yiriwaso, with a view to satisfying their customer demand. Their previous loans have been repaid in full.

Djalia, on the far left of the photo, transforms "néré" seeds into sounbala (a spice) within the Kotognogontala women's group. Experienced in this domain she is in great demand from customers who come from Sikasso and elsewhere. With her loan she is planning to buy 300kg of "néré" grains in order to make sounbala. She sells the spices at Sikasso's Grand Market to order and within her family, to a customer base made up of men and women, for cash.

She is expecting to make an average monthly profit of 40,500FCFA, part of which will be used to pay her loan and the interest on it, while the rest will be saved.

In this group: Afou , Djata , Djarata, Djalia
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Alison Le Bras



Loan details

Loan length:

6 months
Disbursed date: November 2, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: November 2, 2011
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children