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Kotognogotala Group
In this Group: Chata , Mariam , Ramata , Toko
The members of the KOTOGNOGOTALA solidarity group are all married women who average 40 years of age and two children each. They live in monogamous families in Hamdallaye, a district of the city of Sikasso (third administrative region of Mali).

This is their sixth collaboration with the Soro Yiriwaso microfinance institution to meet the needs of their customers. They sell firewood through Mariam T..

With her loan, Mariam T. plans to buy one 20-ton truckload of firewood from accredited rural organizations at the lumber markets in nearby villages. The wood will then be sold to family, to a clientele of both men and women, at retail, for cash and often on credit.

She expects to earn an average monthly profit of 65,000 FCFA, which will be used for the family’s daily expenses.
Les membres du groupe KOTOGNOGOTALA sont toutes mariés avec une moyenne d’âge de 40 ans et en moyenne 2 enfants. Elles vivent dans des familles monogames à HAMDALLAYE un des quartiers de la ville de Sikasso 3ème région administrative du Mali.
Elles sont à leur sixième collaboration avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle. Ce groupe de femmes fait le commerce de bois de chauffe à travers MARIAM T..
MARIAM T. compte acheter avec son prêt, 1 chargement de camion 20 tonnes en bois de chauffe auprès des organisations paysannes agréées au niveau des marchés de bois des villages voisins .
Le bois est revendu en famille à une clientèle composée d’hommes et de femmes, au comptant, en détail et souvent à crédit.
Elle envisage réaliser un bénéfice mensuel moyen de 65.000FCFA utilisée pour les dépenses quotidiennes 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
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 484.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogotala Group's $850 loan helped a member to buy firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2011
Listed
Feb 14, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011