A loan of $1,075 helped a member to buy used clothing.

Kotognonkontala Group's story

Kotognonkontala is a group of women who come from the Médina Coura neighborhood of the city of Koutiala. The members of the group know one another well and live in large traditional families with their husbands, children, and other relatives. On average, they are 39 years old, with at least three children each.

This group of women sell various items such as soap, potatoes, cups, used clothing and others. In order to expand their businesses, they have decided to join the loan program offered by Soro Yiriwaso. This is their first group loan.

Djeneba, second from the left in the front row, is planning to use her loan to buy a bale of used clothing which she will resell on a retail basis to a diverse group of customers. She buys her merchandise at the Grand Market.

While the other members of the group are expecting to make an average profit of 90,000 CFA francs each during this loan cycle, Djeneba is expecting to make a profit of 100,000 CFA francs.

The members of the group will use their earnings not only to repay their loans but also to cover their personal expenses and to increase their businesses.

In this group: Djeneba, Aichata, Aichata, Abi, Fanta, Kadiatou, Mariam, Djeneba, Djeneba, Fatou

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Translated from French by Kiva volunteer Sophie Narayan

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