A loan of $1,800 helped a member to buy hair extensions.

Kotognontala L’Entente Group's story

Kotognontala is a group of women from Koutiala who live in large traditional families with their husbands, children and other relatives. They average 35 years of age, are married and have at least four children each. This group of women trade in a variety of products, including all types of condiment and clothing, and one of them is the owner of a hairdressing salon. In order to grow their businesses, the members decided to join Soro Yiriwaso's loan program two years ago. They are now on their third group loan and all the previous loans have been repaid in full.

Korotoumou is a member of the Kotognontala group, crouching on the left of the photo and dressed in a yellow dress with black stripes. She is a hairdresser and sells all sorts of hair extensions; she is in great demand since she is very talented at her job. She is planning to use her loan to buy 15 cartons of hair extensions at Bamako. She has her hairdressing salon opposite Hamdallaye market. Her customer base is exclusively female.

While the other members of the Kotognontala group are expecting to make an average profit of 140,000FCFA during the course of this loan cycle, Korotoumou is expecting to make 160,000FCFA. They are going to use part of their income to repay their loans and part to cover their household expenses. They would like to strengthen their partnership with Soro Yiriwaso so that they can have sufficient stocks.

N.B. Ténin had gone away for a funeral at the moment the photo was taken so is not in it.

In this group: Ténin *, Korotoumou , Ramata , Nematou , Sali , Magnini , Haby
*not pictured

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Translated from French by Kiva volunteer Alison Le Bras

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