A loan of $1,675 helped a member buy wood coal.


Kotognontala Group's story

The women of the Kotognontala group are married. On average, they are 37 years old and have three children. They all live in traditional extended families in the city of Fana, town of Guégnaka, prefecture of Dioïla, Koulikoro region (second administrative region of the Republic of Mali).

They know one another through relatives, neighbors, and friendship. They sell clothing, beverages, wood coal, and cosmetics.

This is the ninth group loan for the women of the Kotognontala group.

The client, Fatoumata, is seated at left. She sells wood coal and would like to buy 30 bags of wood coal in the neighboring villages at 1,500 FCFA per bag. She resells them at 2,500FCFA per bag.

She would like to earn an average monthly profit of 30.000 FCFA. The monthly profit is divided in two: one part is used for household expenses and the other is reinvested in the business.

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

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Translated from French by Kiva volunteer Alexandra Kenin



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