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Kotognogontala  I Group
In this Group: Nassaran , Minata , Salimata , Binyou , Djouma , Djata , Biba , Mama , Kadia , Djenebou
The ten members of the group KOTOGNOGONTALA I are married women who average 40 years of age and four children living for the most part in polygamous families in SOGODOGOLA, a district in the Commune of  KAI, in the sub-prefecture of LOULOUNI, Prefecture of Kadiolo (3rd administrative region of the Republic of Mali). The women are collaborating with the micro-finance institution Soro Yiriwaso to carry out their farm work during the off-season. The group members are on their fourth loan with the institution. The past loans have been properly repaid.

The crop grown is: peanuts.  Such is the case with NASSARAN, who is standing second from the right in the photo. With her loan, she intends to pay for plowing and to buy farm inputs and seeds for maintaining one hectare. After the harvest, the produce is sold in villages, at the markets of LOULOUNI and SIKASSO, to a customer base composed of women and men.

NASSARAN plans on making an average profit of 125,500 francs CFA per planting. The profits will enable her to repay her loan and also to help her husband with day-to-day expenses.

She would like to keep up this collaboration with Soro Yiriwaso in order to make use of a larger arable plot, so she can derive better gains.
View original language description ↓
Les dix membres du groupe KOTOGNOGONTALA I sont des femmes mariées ayant une moyenne d’âge de 40 ans, 4 enfants et vivant la plupart dans des familles polygames à SOGODOGOLA, un des quartiers de la commune de KAI dans la sous préfecture de LOULOUNI,préfecture de Kadiolo, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de mener à bien leurs activités agricoles pendant l’hivernage.
Elles sont à leur quatrième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est : l’arachide avec NASSARAN 2ème à droite position debout.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et la semence pour entretenir : 1hectares.
La production est vendue au niveau du village, au marché de LOULOUNI et au marché de SIKASSO après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 125.500FCFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari dans les dépenses quotidiennes.
Elle souhaite entretenir cette collaboration avec Soro Yiriwaso afin d’ exploiter un espace cultural encore plus grand pour mieux en tirer plus de gains.

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
  • 10
    View loans »
    Mali Loans Fundraising
  • $10,183,000
    Funds lent in using Kiva
  • 453.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala I Group's $950 loan helped a member to pay for plowing, farm inputs, and seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 8, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012