A loan of $1,225 helped a member to buy shoes and soap.


Kotognontala Group's story

All married in traditional extended families, the women of group Kotognontala are on average 35 years old with five children. They all reside in the city of Koutiala in Sikasso region (third administrative region of Mali). They got to know each other as neighbors, relatives, and professionals. They buy and sell soap and shoes.
To increase their working capital, the group's members decided to join Soro Yiriwaso’s loan program; they are on their sixteenth solidarity group loan.
Mrs. Mamou, on the left in the photo, retails shoes. Mamou is very much in demand and appreciated for the quality of her shoes and soaps. She is planning on using her loan to purchase fifty pairs of shoes and five boxes of assorted soaps from local wholesalers. She retails to a clientele of men and women and takes cash or credit.
With this loan, Mrs. Mamou hopes to make an average monthly profit of 60,000 FCFA, which will be used to reinvest in her business and to cover some household expenses.

In this group: Ramatou , Djeneba , Awa , Mamou

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Translated from French by Kiva volunteer Charlotte Buecheler



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