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Kotognongontala  5 Group
In this Group: Assan, Mama , Mariam, Woriata , Kary , Fatoumata, Assanatou , Bintou , Diata , Maïmouna
The ten members of the group "Kotognongontala 5" are married women averaging 30 years of age and three children each, all living in traditional families in Fachoribougou, a village in Sikasso (3rd administrative region of the Republic of Mali). The women are collaborating with the microfinance institution Soro Yiriwaso to carry out their farm work during the rainy season. They are on their tenth loan with the institution. The past loans were indeed paid back.

The crops grown are tomatoes, chili peppers, and eggplant, as is the case with Assan, who is standing in the middle in the photo. With her loan, she intends to purchase farm inputs and fertilizer and to cover the cost of plowing for maintaining 1 hectare.

After the harvest, the produce is sold in the village, at the Sikasso market, and nearby to a customer base composed of men and women. She plans on making an average profit of 95,000 francs CFA per planting. The profits will enable her to pay off the loan and also to help her large family to cover day-to-day expenses.
View original language description ↓
Les 10 membres du groupe Kotognongontala 5 sont des femmes mariées ayant une moyenne d’âge de 30 ans, 3 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 Dixièmes prêt avec l’institution et les autres prêts passés ont été bien remboursés.
La spéculation cultivée est la tomate, piment et l’aubergine avec Assan 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 moyen de 95.000 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

  • $1,100
    Average annual income
  • 3
    View loans »
    Mali Loans Fundraising
  • $11,596,000
    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 5 Group's $1,650 loan helped a member to purchase farm inputs and seeds and to cover the cost of plowing and weeding.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
May 24, 2013
Jun 19, 2013
Currency Exchange Loss:
Dec 17, 2013