A loan of $1,200 helped a member purchase of woold thread, plastic materials, bags of charcoal and "nere" seeds (to make Soumbala).

Kotognogontala.(Compromis Mutuelle) Group's story

Kotognongontala is a group of seven married women from the village of Kaboila in the city of Sikasso (third largest economic region in the Mali Republic). On average they are 37 years old and have 5 children. They live in polygamous families with their husbands, co-spouses and other relatives. They lead various business activities: Conversion, purchase and sale of crops, charcoal and food products, wool knitting, pottery, etc. Concerned with increasing the size of their business, the members of the Kotognongontala group incorporated a loan program through the Soro Yiriwaso microfinance institution for the last eight years. The group is requesting its seventh loan after having correctly repaid all previous loans. The current loan will be used to buy 3 dozen plastic cups, 2 dozen pairs of plastic shoes, 7 reels of wool thread (to make baby clothes) at the large market in the city of Sikasso, 60 bags of charcoal and 250kg of “néré” tree seeds (to make “soumbala,” a condiment) locally or in surrounding villages. The products are sold at the large city market in Sikasso on market days and in the village of Kaboila as retail, wholesale and cash sales. They believe they can earn a monthly profit of 22,500F CFA each that will be used to help their husbands with family expenses and pay the interest on their loan.

In this group: Afou Ballo, Anchata, Abi, Djata, Alimatou, Djarata, Djalia
*not pictured

Translated from French by Kiva volunteer

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Loan details