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Kotognogontala Group
In this Group: Aminata , Adiara , Aminata , Maimouna , Mariam , Sali
The six members of the KOTOGNOGONTALA group are married women, on average 45 years old with three children, living in polygamous families in SANOUBOUGOU I, one of the boroughs in Sikasso, in the 3rd administrative region of Mali. This is the first time they collaborate with the Soro Yorowaso MFI to satisfy their customers’ needs.

They conduct several activities, among which the sale of food condiments, cereal mush and medication. Maïmouna C. is one of the group members who trades in food condiments.

Her loan will enable her to buy four packages of food condiments (fresh tomatoes and onions, oil, salt, gombos, pepper, Maggi cubes, tomato paste, etc.). She gets her supplies from the main market in Sikasso and from the surrounding area. The condiments are resold by family members at the SANOUBOUGOU I borough market to women customers, and mainly for cash.

She expects to achieve average monthly earnings of 15,000 FCFA of which part will be put into savings for social use and the remainder invested in her commercial activities.
View original language description ↓
Les six membres du groupe KOTOGNOGONTALA sont des femmes mariées ayant une moyenne d’âge de 45ans, 3 enfants et vivant dans des familles polygames à SANOUBOUGOU I un des quartiers de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur première collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle.
Elles mènent diverses activités qui sont entre autres la vente de condiments, de bouillie de céréales et de médicaments.
Maïmouna C. qui est un des membres du groupe fait l’achat et la vente de condiments alimentaires
Elle compte acheter avec son prêt, 4 paquets de condiments alimentaires (tomate et oignon frais + de l’huile + sel + gombo + poivre + cube maggi + concentrée de tomate etc. ) Elle s’approvisionne au grand marché de Sikasso ville et dans les localités avoisinantes. Les condiments sont revendus au marché du quartier SANOUBOUGOU I et en famille à une clientèle composée de femmes et la plupart au comptant.
Elle envisage réaliser un bénéfice mensuel moyen de 15 000FCFA dont une partie sera utilisée en épargne pour des fins sociaux et l’autre partie sera investie 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

  • $1,200
    Average annual income
  • 25
    View loans »
    Mali Loans Fundraising
  • $9,944,875
    Funds lent in using Kiva
  • 486.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala Group's $625 loan helped a member buy food condiments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2010
Listed
Apr 23, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010