A loan of $1,025 helped a member to buy 20 meters of medium-rich damask.


Kotognogontala Group's story

The four members of KOTOGNOGONTALA Group are women averaging 39 years of age and three children. They live in monogamous families in Hamdallaye, a neighborhood in Sikasso, third administrative region of Mali.

They are seeking their twelfth loan from Kiva's partner, the MFI Soro Yiriwaso, in order to meet customer demand.

Mrs. Kadia is the woman standing on the right in the photograph. She sells medium-rich damask.

She intends to user her loan to buy 20 meters of medium-rich damask, that she will retail for cash at the Grand Market and at her home, to a clientele comprising both men and women.

She foresees turning an average monthly profit of XOF 32'500 (ca US$ 65). One part will be used to repay the loan and interest, and the other part will be put away.

In this group: Kandia , Ramatoulaye, Mariama , Kadia

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Translated from French by Kiva volunteer Patrick Stadelmann



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