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Kotognogontala Group
In this Group: Awa , Mariam , Bintou , Fanta , Djenebou Yacouba , Djenebou
The majority of the six women of the Kotognogontala group are married in traditional families; they average 39 years of age and five children each. They all live in the neighborhood of the Bougoula hamlet in the town of Sikasso (3rd administrative region of Mali) and they know each other through family, neighborhood and professional ties.

They sell charcoal, fabrics, condiments for cooking, firewood, shoes, and they also prepare and sell soumbala (a condiment prepared from néré seeds).

In order to expand their businesses, the members of the group have joined Soro Yiriwaso, and this is their ninth solidarity loan.

Mariam, standing, second from the left, is planning to use her loan to buy 55 kg of néré seeds. She buys her supplies locally in Bougoula, and then processes néré seeds to make soumbala , which she resells as an itinerant seller and from home, to a customer base comprising men and women.

With this loan, Mariam is expecting average monthly profits to reach 65,000 CFA francs, which will be reinvested in her business and also used to take care of some of her household needs.
View original language description ↓
Mariées majoritairement dans des familles traditionnelles avec une moyenne d’âge de 39 ans et 5 enfants, les six femmes du groupe Kotognogontala habitent toutes dans la quartier Bougoula hameau de la ville de Sikasso (3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de leurs activités professionnelles.
Elles font de la vente du charbon de bois, de tissus, de condiments alimentaires, du bois de chauffe, de chaussures et de la fabrication et vente de Sounbala.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe intègrent Soro Yiriwaso et sont à leur 9ème cycle de prêt solidaire.
Madame Mariam, debout en deuxième position à partir de la gauche, compte utiliser son prêt pour acheter, 55 kg de grain de néré. Elle s’approvisionne sur place à Bougoula et ensuite fait la transformation des grains de néré en Sounbala, qu’elle revend en ambulant et à domicile, à une clientèle composée d’hommes et de femmes. Madame Mariam compte réaliser avec ce prêt un bénéfice mensuel moyen de 65.000 FCFA qui sera utilisé, pour être réinvesti dans l’activité et prendre en charge certains besoins du foyer

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
  • 16
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala Group's $1,700 loan helped a member to buy néré seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013