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Kotognogontala. Group
In this Group: Seriba , Yacouba , Madou , Sinaly , Souleymane , Daouda , Sekou , Zana , Kalifa , Abdoulaye
The ten members if the Kotognogontala group are married men. On average, they are 40 years old with 4 children, and most of them live in polygamous families in Kolokodeni, one of the villages in the commune of Kolokoba, Sikasso prefecture (third administrative district of Mali). They are working with micro-finance institution Soro Yiriwaso so that they can manage their farming activities during the rainy season. This is their fifth experience with Soro Yiriwaso, and all previous debt has been completely repaid.

The men plan to grow corn. With this new loan, Seriba expects to pay for plowing costs and buy fertilizer and weedkiller. After harvest, the group's crops are sold at the Farakala and Sikasso markets, to customers who are both men and women. Seriba is planning to make an average profit of 280,000 with each loan. The profit will be used to pay for the family's needs.
View original language description ↓
Les dix membres du groupe KOTOGNOGONTALA sont des hommes mariés ayant une moyenne d’âge de 40 ans, 4 enfants et vivant la plupart dans des familles polygames à KOLOKODENI, un des villages de la commune de KOLOKOBA, préfecture de Sikasso, (3ème région administrative du Mali).
Ils collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Ils sont à leur cinquième collaboration avec l’institution et le prêt passé a été bien remboursé.
La spéculation cultivée par ce groupe d’homme est le maïs.
Avec ce nouveau prêt, SERIBA. compte payer les frais de labour, acheter de l’engrais et de l’herbicide.
Les productions du groupe sont vendues au niveau du marché de Farakala et au marché de Sikasso après les récoltes à une clientèle composée d’hommes et de femmes.
SERIBA compte réaliser un bénéfice moyen de 280 000 par campagne qui sera utilisé pour prendre en charge les besoins 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
  • 39
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 452.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala. Group's $3,600 loan helped a member to pay for plowing costs, and the purchase of fertilizers and weedkillers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 25, 2011
Listed
Jun 6, 2011
Currency Exchange Loss:
Possible
Ended:
May 11, 2012