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Kotognongontala 3 Group
In this Group: Fanta , Nassoun , Djalia , Sanata , Maminata Yaya , Mariam , Abi , Foune , Minata Sebou , Rokia
The ten members of the Kotognongontala 3 group are all married women. They have an average age of 55 years, and have an average of five children each. They all live in traditional families in Fachoribougou, a village in Sikasso, the third-largest administrative region in Mali. They collaborate with the Soro Yiriwaso microfinance institution so that they can successfully continue with their businesses during the rainy season. They are on their tenth loan with the institution, and have repaid all their prior loans without incident.

The women in the group grow tomatoes, peppers and eggplant. Fanta is a member, and is pictured standing in the center of the photo. With her loan she plans to buy agricultural inputs, fertilizers and herbicides, as well as to pay for the labor expenses involved in farming her one hectare of land. After the harvest, she sells her produce in a village market in Sikasso and the surrounding areas, and her customers are both male and female.

Fanta expects to make a profit of 150,000 francs CFA each season. These profits will allow her to make repayments on her loan, as well as to help her large family with their daily expenses.
View original language description ↓
Les 10 membres du groupe Kotognongontala 3 sont des femmes mariées ayant une moyenne d’âge de 55 ans, 5 enfants et vivant tous dans des familles traditionnelles à Fachoribougou, un des villages de SIKASSO, 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 Dixième prêt avec l’institution et les autres prêts passés ont été bien remboursés.
La spéculation cultivée est la tomate, piment et l’aubergine avec Fanta debout au milieu sur la photo. Elle compte acheter avec son prêt, des intrants, l’engrais, herbicide et payer les frais de labour pour entretenir 1hectare.
La production est vendue au niveau du village, au marché de SIKASSO et environna après la récolte elle vend à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 150.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi aider la grande famille dans les dépenses quotidiennes.

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
  • 7
    View loans »
    Mali Loans Fundraising
  • $10,150,450
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognongontala 3 Group's $1,675 loan helped a member to buy agricultural inputs and seeds, and to pay for labor expenses and hoeing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 24, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013