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Kotognogontala  Ii Group
In this Group: Kaniba , Afou , Madialia , Djeneba , Alimata , Fatoumata , Nassaran , Chata , Korotoumou , Mariam
The ten members of the KOTOGNOGONTALA II group are married women with an average age of 34 years, an average of four children, and most living in polygamous families in Ouéléni Fièbala, a village in the commune of Kaï in the sub-prefecture of Loulouni, in the 3rd administrative region of Mali. They work with the microfinance organization Soro Yiriwaso in order to successfully carry out their farming activities during the rainy season. They are on their fourth loan with the organization, their former loans having been paid back.

Kaniba, standing at left, cultivates peanuts. With her loan she plans to pay labor costs and buy fertilizer and seeds to maintain two hectares. The crop is sold in the village at the Loulouni market and in the Sikasso market after harvest to a customer base of both men and women. She expects to make an average profit of 165,500 FCFA per growing season. This profit will allow her to pay her loan and also to help her husband with daily expenses. She wishes to maintain this collaboration with Soro Yiriwaso in order to cultivate a larger area and earn more profit.
Les dix membres du groupe KOTOGNOGONTALA II sont des femmes mariées ayant une moyenne d’âge de 34 ans, 4 enfants et vivant la plupart dans des familles polygames à OUELENI FIEBALA, un des villages de la commune de KAI dans la sous préfecture de LOULOUNI, 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 KANIBA 1ère à gauche position debout.
Avec son prêt, elle compte payer les frais de labour, acheter des intrants et la semence pour entretenir : 2hectares.
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 165.500FCFA 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

  • $1,100
    Average annual income
  • 40
    View loans »
    Mali Loans Fundraising
  • $11,450,100
    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 Ii Group's $1,525 loan helped a member to pay agricultural labor costs and buy fertilizer and seed.
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