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Kotognogontala Group
In this Group: Mariam , Hawa , Kadiatou , Mariam , Fanta
The five members of the Kotognogontala group are all married women who are on average 32 years old with 3 children, and live mainly in monogamous households in Hamdallaye, one of the districts in the town of Sikasso, 3rd administrative region of the Republic of Mali. This group of women are engaged in buying and selling food condiments, fruits and vegetables, firewood, and rice, and in preparing meals for sale. In order to satisfy the needs of their clientele, they decided to join the loan program of the microfinance institution Soro Yiriwaso. They are on their fourth collaboration with the institution, and all three of their previous loans were repaid properly.
With their new loan, they intend to buy one 100-kg bag of rice, 4 packets of food condiments, 2 van-loads of firewood, one 100-kg bag of peanuts (to make peanut paste for meal preparation), and 10 baskets of fruit. They obtain their supplies at the grand market in the town of Sikasso and in the neighbouring villages. They sell their goods at home, at stands in the markets, and door-to-door in various districts. They sell in cash and often on credit to a clientele composed of men and women.
They foresee realizing an average monthly profit of 18,500 FCFA each, of which one portion will be used as savings and to provide for their families, and the rest invested in their businesses.
Les cinq membres du groupe Kotognogontala sont tous des femmes mariées qui ont une moyenne d’âge de 32 ans, 3 enfants, et vivant la plupart dans des familles monogames à Hamdallaye, un des quartiers de la ville de Sikasso, 3ème région administrative de la république du Mali.
Ce groupe de femmes fait l’achat et la vente de condiments alimentaires, de fruits et légumes, de bois de chauffe, de riz et de la restauration.
Afin de satisfaire le besoin de leur clientèle, elles ont décidé d’intégrer le programme crédit de l’institution de microfinance Soro Yiriwaso. Elles sont à leur quatrième collaboration avec l’institution et tous les trois précédents prêts ont se sont bien dénoués.
Avec leur nouveau prêt, elles comptent acheter, 1sac de 100kg de riz, 4 paquets de condiments alimentaires, 2 chargements de camionnette en bois de chauffe, 1 sac de 100kg de graines d’arachide (pour faire de la pâte d’arachide pour la restauration) et 10 paniers de fruits. Elles s’approvisionnent au grand marché de Sikasso ville et dans les villages environnants. Elles effectuent leurs ventes à domicile, de façon fixe dans les marchés et dans les quartiers de façon ambulante. Elles vendent au comptant, souvent à crédit à une clientèle composée d’hommes et de femmes.
Elles envisagent réaliser chacune un bénéfice mensuel moyen de 18.500FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera réinvestie dans les activités.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 437.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD