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Kotognontala Group
In this Group: Mariam , Awa , Fatoumata , Assan , Fatoumata
Most of the five women who compose the Kotognontala group are married in polygamous families. They average 44 years of age and 4 children each, and live in Bamanankin, a neighborhood of the commune of Markala, in the Ségou region (fourth administrative region of Mali). They know each other through neighborhood ties and through their income-generating activities at the Markala and Siribala markets.

The members of this group sell dry fish, dry gombo (okra), millet and firewood. In order to boost their businesses, they have joined Soro Yiriwaso and this is their second solidarity loan.

Sitting first from the left in the photo, Mariam owns a large shop in Markala in which she stores grains.

She is planning to use her loan to buy four sacks of millet from farmers in villages near Markala. She resells for cash or on credit to a retail customer base which mostly consists of men.

Thanks to this loan, Mariam is expecting average monthly profits to reach 40,000 CFA francs, which will be reinvested in her business and also used to buy the condiments that her family needs.
View original language description ↓
Mariées majoritairement dans des ménages monogamiques, les cinq femmes du groupe Kotognontala ont en moyenne 44 ans et 4 enfants. Elles vivent dans le quartier Bamanankin de la ville Markala Région de Ségou (4ème Région administrative du Mali) et se sont connues à travers des liens de voisinage et de leurs activités génératrices de revenu dans le marché Markala et de Siribala. Les membres du groupe font le petit commerce de, Poisson sec, gombo sec, mil et du bois de chauffe. Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégré Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame Mariam (1ère femme assise sur la photo de la gauche vers la droite) a un grand magasin de stockage de céréales à Markala. Elle compte utiliser son prêt pour acheter 4 Sacs de mil avec les paysans des villages environnants de Markala. La revente se fait en détail au comptant et à crédit à domicile et au marché de Markala à une clientèle composée majoritairement d’hommes. Madame Mariam compte réaliser avec ce prêt un bénéfice mensuel moyen de 40 000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et assurer les besoins du foyer en condiments.

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
  • 22
    View loans »
    Mali Loans Fundraising
  • $9,946,875
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognontala Group's $750 loan helped a member to buy four sacks of millet.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012