A loan of $1,050 helped a member to purchase clothing to esell.

Kotognontala Group's story

KOTOGNONTALA is a group of the association DANAYA de KANGARE. It comprises five women who know one another through ties of kinship and community. They average 32 years of age. Married with an average of three children, they run different businesses, such as buying and selling cosmetics, rice, and clothing (including secondhand clothing), just like WASSA, who is the second person sitting at the left in the photo. The women live in large traditional families in KANGARE, in the sub-prefecture of SELINGUE, Région de SIKASSO (Republic of Mali).

They have been in small-scale businesses for several years and are much in demand in their businesses. Concerned about satisfying the growing needs of their customers, the group members decided to join the Soro Yiriwaso loan program and are now on their first solidarity loan.

WASSA, who is the group's president and well-known in KANGARE, excels in selling clothing. She intends to use her loan to purchase 20 lengths of Wax 'pagnes' (the colorful cloth of western Africa) and a bale of secondhand clothing. She gets her supplies from Bamako and locally from wholesalers, and she sells her products retail in KANGARE to a customer base composed of men and women paying in cash or on credit.

She is hoping for a monthly profit of 40,000 francs CFA that will enable her to pay back the loan and reinvest in her business.

In this group: Wassa, Lala , Ami , Awa , Fatoumata

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Translated from French by Kiva volunteer Daniel Kuey

Loan details

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Loan details