Check out some available loans that are similar to this one!
Kotognontala 1 Group
In this Group: Bintou, Minata Issa , Sanata , Minata Adama , Habi , Chata , Koro , Kadia Dra , Makoura , Gnéréba
The group Kotognontala1 is composed of married women from the hamlet of Adamabougou of Koutiala City (third administrative region of the Republic of Mali). The women live in large traditional extended families with their children, husbands, in-laws, etc. They average 40 years of age and 6 children each. Their main business involves growing peanuts and beans.

Concerned about making their plantations profitable, the group members decided to join the Soro Yiriwaso loan program four years ago. After having correctly repaid the three preceding loans, they are on their fourth farming loan. The current loan will be used to buy sacks of seeds to plant peanuts and beans and also to buy minor supplies and equipment for farming, exclusively at the grand marketplace of Koutiala City. Following the off-season, the harvests are stored for a certain time, so that they gain value. And then they are sold at the grand marketplace of Koutiala and in surrounding marketplaces at the retail level (often wholesale), in cash transactions and on credit in a few rare instances. Customers come generally from large cities.

After selling their agricultural products, the group members each intend to realize a profit of 50,000 that will be use to repay the loan and to cover common family expenses.
View original language description ↓
Le groupe Kotognontala1 est un regroupement de femmes mariées du hameau Adamabougou de la ville de Koutiala (troisième région administrative de la république du Mali). Elles vivent dans des grandes familles traditionnelles élargies avec leurs enfants, maris, beaux parents, belles sœurs etc. Elles ont en moyenne 40 ans et au moins 6 enfants.
Elles excellent principalement dans la culture de l’arachide et du haricot.
Dans le souci de rentabiliser leurs exploitations agricoles, les membres du groupe Kotognontala ont décidé d’intégrer le programme crédit de Soro Yiriwaso depuis maintenant quatre ans. Après avoir correctement remboursés les trois prêts précédents, elles sont à leur quatrième prêt de campagne.
Le prêt actuel sera utilisé pour acheter, des sacs de semences d’arachide et de haricot, des petits matériels et des intrants pour la culture, exclusivement au grand marché de Koutiala ville. Après l’hivernage, les récoltes sont stockées pendant un certain temps pour qu’elles aient de la valeur avant d’être vendues au grand marché de Koutiala et dans les marchés environnants, en détail (souvent en gros), au comptant et quelques rare fois à crédit à une clientèle venant généralement des grandes villes.
Les membres du groupe Kotognontala1 comptent réaliser chacune, après l’écoulement de leurs produits agricoles, un bénéfice de 50 000FCFA qui sera utilisé le remboursement du prêt et les dépenses courantes de la famille.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 481.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognontala 1 Group's $1,200 loan helped a member to buy fertilizers, seeds, equipment, and supplies.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 4, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010