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Kotognogotala Group
In this Group: Kadia , Foune , Ramata , Fanta
The group Kotognogotala of the association Benkadi is composed of married women of the city of San, Region of Ségou (4th administrative region of the Republic of Mali).  The group members live in large traditional families and average 39 years of age and have at least five children.  They know one another through ties of community and have been running small-scale businesses for several years selling a variety of merchandise:  condiments, beignets, and roasted peanuts. 

The group members are now on their first experience with the micro-finance institution Soro Yiriwaso. This is their first solidarity loan.  The president of the group, Kadia Traoré, is in high demand by her customers for the quality of her beignets.  She plans on using her loan for buying 2 kg of rice, 3 kg of pearl millet, 50 francs of leavening, and 2 liters of vegetable oil. 

After pounding the millet, Kadia mixes it with rice and then takes it to the mill.  With the resulting powder, she kneads it with water, table salt, and leavening at night.  The resulting dough is fried in the morning to obtain the beignets.  Her customer base is composed of women and men. 

Kadia plans on a month profit of 12,000 francs CFA, while the other group members envision making a monthly profit of 11,000 francs.  This profit will be used for repaying the loan, providing for the family, and reinvesting in the businesses.
View original language description ↓
Le groupe Kotognogotala de l’association Benkadi est composé de femmes mariées de la ville de San, région de Ségou (quatrième région administrative de la république du Mali). Les membres du groupe Kotognogotala vivent dans des grandes familles traditionnelles avec en moyenne 39 ans et au moins 5 enfants. Elles se sont connues à travers le voisinage et exercent les activités de petit commerce depuis plusieurs années avec la vente de diverses marchandises : condiments alimentaires, beignets et les arachide grillés.
Elles sont à leur première expérience avec Soro Yiriwaso c'est-à-dire le premier prêt solidaire.
La présidente du groupe en la personne de Kadia Traoré est beaucoup sollicitée par sa clientèle pour la qualité de ses beignets.
Elle compte utiliser son prêt pour acheter, 2kg de riz, 3kg de petit, 50FCFA de levure et 2 litres d’huile alimentaire.
Après avoir pilé le mil elle le mélange avec du riz pour ensuite l’amener au moulin. La poudre obtenue, elle pétri avec de l’eau, du sel de cuisine et de la levure la nuit. La pâte obtenue est frite le matin pour avoir du beignet, sa clientèle est composée de femmes et d’hommes.
Elle compte sur un bénéfice mensuel de 12000FCFA par mois pendant que les autres membres du groupe envisagent réaliser un bénéfice mensuel de 11000 FCFA.
Ce bénéfice sera utilisé pour rembourser le prêt subvenir aux subvenir et réinvestir 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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,215,175
    Funds lent in using Kiva
  • 495.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogotala Group's $425 loan helped a member buying ingredients for making doughnuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010