A loan of $2,125 helped a member to buy clothing.

Kolaban Group's story

The Kolaban group is composed equally of monogamous and polygamous wives, who average 36 years of age with an average of two children each. They all live in Badialan III, one of Bamako's districts, and they met as neighbors. The group members have small businesses selling clothing (light fabrics, "pagnes wax", which are colorful and highly decorative pieces of fabric, and damask fabric) of all quality and vegetables. With a view to getting fresh supplies for cash, the group members decided to collaborate with Soro Yiriwaso and are on their third group loan cycle.

Djoncounda, who is sitting second from the left in the photo, has a great reputation for selling clothing ("pagnes wax", light fabrics, etc.). She is planning to use her loan to buy 30 pieces of "pagne wax" and 80 meters of light fabric wholesale at the Grand Market. She resells her products on a retail basis in Badalian III and door to door to a mixed customer base.

Thanks to this loan, Djoncounda hopes to make an average monthly profit of 100,000FCFA, which will be used to reinvest in her business. Her ambition is, through this relationship with Soro Yiriwaso, to buy a piece of land for habitation purposes.

In this group: Diocounda, Mariam, Assétou, Nana

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Translated from French by Kiva volunteer Alison Le Bras

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