A loan of $625 helped a member to buy children's clothing, bananas, shoes, and cloth.


Kotognogontala Group's story

The members of the group Kotognogontala (composed of four married women) average 28 years of age and three children. They reside in the Médine district of the city of Sikasso and do commerce variously in: bananas, damask fabrics, children’s clothing, and shoes.

They are collaborating with the micro-finance institution Soro Yiriwaso to satisfy their burgeoning customer base and are on their second solidarity loan (group loan). The preceding loan has been correctly repaid. They plan to use this loan to buy 4 dozen pieces of children’s clothing, a dozen bunches of bananas, 15 pairs of shoes, and 25 meters of damask. Their supplies are gotten locally in Sikasso and surrounding areas.

The goods are sold at the retail level and for cash in the marketplaces of Sikasso (especially in the Médine marketplace and the grand marketplace of the city) and in the districts, to customers composed of women and men.

The group members each hope to realize a monthly profit of 17,500 francs CFA per month that will be used to provide for the family and to invest the rest in their businesses.

In this group: Setou , Bia Dite Batoma , Maman , Maman
*not pictured

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Translated from French by Kiva volunteer Daniel Kuey



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