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Kounkorota Group
In this Group: Foune , Kankou , Aminata , Sadio Tiemoko, Assan , Bah , Fanta , Fanta Sidiki , Mariam
The members of the KOUNKOROTA group are married women who average 42 years of age and four children each. They all live in extended traditional families in the village of Welabougou, prefecture of Dioïla, in the Koulikoro region (second administrative region of the Republic of Mali).

They know one another as neighbors and through ties of kinship and friendship. They sell dry goods, condiments and clothing, and they also keep market gardens.

The KOUNKOROTA members are on their first group loan, which they will use to purchase various dry goods, condiments, seeds and clothing. FANTA D. plans to buy a lot of dry goods from Dioïla wholesalers and also in Fana. She conducts her sales daily from her home and at the market, for cash and on credit, to a customer base consisting of both men and women.

She expects to earn an average monthly profit of 40,000 FCFA, which will be used to make loan repayments and contributions to social ceremonies. The remainder will be reinvested in her business activity.
Les femmes du groupe KOUNKOROTA, toutes mariées, ont en moyenne 42 ans, 4 enfants et vivent toutes dans des familles traditionnelles élargies dans le village de Welabougou, préfecture de Dioïla, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’articles de boutique, de condiments, d’habillements et pratiquent le maraîchage.
Les femmes du groupe KOUNKOROTA sont à leur premier prêt solidaire qui sera utilisé pour acheter divers articles de boutique, de condiments, de semences et des habillements. FANTA D. compte acheter beaucoup d’articles de boutique avec les grossistes de Dioïla et souvent à Fana. Elle effectue ses ventes quotidiennement sur place à la maison et au marché, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle envisage réaliser un bénéfice moyen mensuel de 40 000F CFA qui sera utilisé pour payer les échéances du prêt, payer les contributions des cérémonies sociales et le reste sera réinvesti dans son activité de commerce.

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
  • $9,921,450
    Funds lent in using Kiva
  • 469.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kounkorota Group's $975 loan helped a member to purchase various dry goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Mar 7, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011