A loan of $1,225 helped a member to buy various products for her shop.

Kotognontala Group's story

The Kotognontala group is made up of married women who average 37 years of age, with three children each. They all live in extended traditional families in the town of Fana in the Koulikoro region (the Republic of Mali's second administrative region). They got to know each other through relatives, neighbors and friends. They trade in clothing, drinks, charcoal, cosmetics and, in the case of Bintou, miscellaneous shop products. The women in the Kotognontala group are on their eighth group loan having repaid the previous seven loans in full.

Bintou, who is sitting on the far right in the photo, is planning to buy five cartons of powdered milk sachets, three cartons of tea, two sacks of sugar, two cartons of various sorts of biscuits and a carton of candies with her loan. She will buy these products from wholesalers in Fana and resell them also in Fana, on a retail basis, for cash and sometimes on credit, to a customer base made up of men and women. She hopes to make an average monthly profit of 25,000FCFA which will be divided into two, one half being used for the family's expenses and the other reinjected into her business.

In this group: Korotoumou, Bintou, Nene, Fatoumata, Ami, Awa, Kadia, Mai

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Translated from French by Kiva volunteer Alison Le Bras

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