A loan of $400 helped a member to buy and resell various items (onions, dried fish, salt, ...).

Kokatia Group's story

The women in the Kokatia group average 40 years of age and 3 children. They live in large traditional families in the village of Koumantou, in the Bougni Prefecture (third administrative region of the Republic of Mali). They run various businesses, ranging from buying and reselling food condiments, to selling cereals and clothing. These women entered into partnership with Kiva's partner Soro Yiriwaso six months ago. They are seeking their second group loan (solidarity loan), after having repaid the first one without problems.

The women in the Kokatia group intend to use this loan to buy 100 kg of fresh onions, 80 kg of dried fish, one sack of salt, and some fabrics. They get their food and fabric supplies from ambulant sellers from Sikasso. Fabrics are sewed to make shirts for selling. They buy wholesale and sell retail, for cash or on credit, to a rich and diverse clientele.

The members of the group hope to turn an average monthly profit of XOF 30'000 (ca US$ 60), to be used to repay the loan and help with the family expenses.

In this group: Fatoumata, Waraba, Ramatou, Safiatou

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Translated from French by Kiva volunteer Patrick Stadelmann

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