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Kotognontala 3 Group
In this Group: Fatoumata, Awa , Minata Doulaye, Kadia , Sanata , Makoura Bourama , Setou
Kotognontala 3 is a group of women of the hamlet of Adamabougou of Koutiala City (third administrative region of the Republic of Mali). They know each other well. They live in large traditional extended families and average 40 years of age and at least 6 children each. They grow mainly peanuts and millet on over six hectares.

To satisfy their need for seeds, fertilizers, and small farming equipment, the group members decided to join the Soro Yiriwaso loan program four years ago (four farming loans). All the previous loans have been repaid without difficulty. The current loan will be used to buy sacks of seeds for planting peanuts and millet, some manure, and small tools and supplies that are indispensable for farming. These goods are gotten from the Koutiala City market from wholesalers. After the off-season, the crops are stored for a time, so that they gain in value. And then they are sold at the markets in the Koutiala area and at the grand marketplace, especially to retailers from large cities.

After the crops are sold, the group members each intend to realize a profit of 40,000 francs CFA that will be used to make loan interest payments, and the rest will be used to cope with common family expenses.
View original language description ↓
Kotognontala 3 est un regroupement de femmes du hameau Adamabougou de la ville de Koutiala (troisième région du Mali) qui se connaissent bien. Elles vivent dans des grandes familles traditionnelles élargies avec en moyenne 38 ans et 6 enfants.
Elles cultivent principalement l’arachide et le mil sur plus de six hectares.
Pour la satisfaction de leurs besoins en semences, intrants et petits matériels agricoles, elles ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a quatre ans (quatre prêts de campagne). Tous les prêts antérieurs ont été remboursés sans difficulté.
Le prêt actuel sera utilisé pour acheter, des sacs de semences d’arachide, de mil, d’engrais et des petits matériels indispensables à la culture.
Elles se procurent en semences, intrants et autres au marché de la ville de Koutiala auprès des grossistes.
Après l’hivernage, les récoltes sont stockées pendant un temps pour qu’elles aient de la valeur avant d’être vendues. Elles vendent les céréales dans tous les marchés qui sont aux environs de Koutiala et au grand marché surtout aux revendeurs venant des grandes villes.
Après la vente de la récolte, les membres du groupe Kotognontala 3 comptent réaliser un bénéfice de 40 000FCFA chacune qui servira pour le remboursement des intérêts du prêt et le reste utilisé pour faire face aux 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

  • $1,200
    Average annual income
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 465.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognontala 3 Group's $725 loan helped a member to buy fertilizers, seeds, and equipment and supplies.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 4, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010