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Kotognontala  L’Entente Group
In this Group: Ténin *, Korotoumou , Ramata , Nematou , Sali , Magnini , Haby
* not pictured
Kotognontala is a group of women from Koutiala who live in large traditional families with their husbands, children and other relatives. They average 35 years of age, are married and have at least four children each. This group of women trade in a variety of products, including all types of condiment and clothing, and one of them is the owner of a hairdressing salon. In order to grow their businesses, the members decided to join Soro Yiriwaso's loan program two years ago. They are now on their third group loan and all the previous loans have been repaid in full.

Korotoumou is a member of the Kotognontala group, crouching on the left of the photo and dressed in a yellow dress with black stripes. She is a hairdresser and sells all sorts of hair extensions; she is in great demand since she is very talented at her job. She is planning to use her loan to buy 15 cartons of hair extensions at Bamako. She has her hairdressing salon opposite Hamdallaye market. Her customer base is exclusively female.

While the other members of the Kotognontala group are expecting to make an average profit of 140,000FCFA during the course of this loan cycle, Korotoumou is expecting to make 160,000FCFA. They are going to use part of their income to repay their loans and part to cover their household expenses. They would like to strengthen their partnership with Soro Yiriwaso so that they can have sufficient stocks.

N.B. Ténin had gone away for a funeral at the moment the photo was taken so is not in it.
View original language description ↓
KOTOGNONTALA est un regroupement de femmes de Koutiala qui vivent dans de grandes familles traditionnelles avec leurs maris, enfants et autres parents. Elles ont en moyenne 35 ans, sont mariées et mères d’au moins 4 enfants.
Ce groupe de femmes fait le commerce d’articles divers tels, les condiments de toutes sortes, habillements et propriétaire d’un salon de coiffure.
Pour augmenter la taille de leurs activités, les membres ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a 2 ans. Elles sont à leur troisième prêt de groupe et tous les prêts précédents ont été bien remboursés.
Korotoumou est un membre du groupe KOTOGNONTALA, accroupi à gauche habillée en wax jaune raillé de noir. Elle fait la coiffure et la vente de mèche de toute sorte elle est très sollicitée car elle a du tallent pour son activité.
Elle compte utiliser son prêt pour acheter, 15 cartons de mèches à Bamako. Elle à son salon de coiffure en face du marché de Hamdallaye. Sa clientèle est exclusivement constituée de femmes.
Tandis que les membres du groupe KOTOGNONTALA comptent réaliser un bénéfice moyen de 140 000FCFA chacune au cours de ce cycle, Korotoumou compte réaliser 160 000FCFA.
En plus du remboursement des prêts, elles utilisent une partie du revenu pour faire face aux dépenses courantes de la famille.
Elles souhaitent voir renforcer ce partenariat avec Soro Yiriwaso pour que les stocks ne soient pas rares.
NB : Ténin est en voyages pour des funérailles au moment de la prise de la photo donc est absente de la photo

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
  • 5
    View loans »
    Mali Loans Fundraising
  • $11,609,175
    Funds lent in using Kiva
  • 492.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD