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Kotognogotala Group
In this Group: Fatoumata , Fatoumata K. , Mariam , Awa , Minata
The Kotognogotala group is a group of five women from the city of San, region of Ségou. They are on average 45 years old, married, and mother of at least five children. The members of the Kotognogotala group sell fabrics, condiments, and diverse products. To satisfy the needs of their clientele that hasn’t stopped growing, the group members decided to work with microfinance institution Soro Yiriwaso two years ago. After having properly repaid two previous loans, they are on their third loan in order to grow their business. Mariam, standing in the middle of the photo, plans to use her loan to stock up in Bamako by buying a dozen Wax cloth pieces and rich damask cloth pieces. She sells for cash or credit and hopes to earn 45,000 FCFA per month. Other than repaying her loan, she will use a portion of her earnings to care for her children and other family expenses. As for the other women of the group, they hope to earn 40,000 FCFA per month. The women of the Kotognogotala group are seeking the support of Soro Yiriwaso to grow their businesses and diversify their revenue sources.
View original language description ↓
Le groupe Kotognogotala est un regroupement de cinq femmes de la ville San, région de SÉGOU. Elles ont en moyenne 45 ans, mariées et mères d’au moins 5 enfants. Les membres du groupe Kotognogotala font la vente de tissus de condiments et de divers. Pour satisfaire le besoin de leur clientèle qui ne cesse d’augmenter les membres ont décidé de collaborer avec l’institution de microfinance Soro Yiriwaso depuis deux ans. Après avoir correctement remboursé les deux prêts précédents elles sont à leur troisième prêt afin de mener à bien leur commerce.
Mariam débout au milieu sur la photo compte utiliser son prêt pour aller s’approvisionner a Bamako en achetant une douzaine de pièces wax et pièces de Bazin riche. Elle effectue sa vente en détail et au comptant et espère réaliser un bénéfice de 45000 FCFA par mois. En dehors du remboursement du prêt, elle utilisera une partie de son revenu pour l’entretien de ses enfants et d’autres dépenses de la famille.
En ce qui concerne les autres femmes du groupe elles espèrent sur un bénéfice de 40.000 francs FCFA par mois.
Les femmes du groupe Kotognogotala sollicitent l’appui de Soro Yiriwaso infiniment pour agrandir leurs fonds de commerce et diversifier les sources de revenus.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $11,391,900
    Funds lent in using Kiva
  • 475.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD