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Kototala Group
In this Group: Chata , Ramatou , Fanta , Fatoumata , Minata
Benkoro Group is made up exclusively of married women, who average 39 years of age and 5 children. They all live in traditional and nuclear families in Kolondieba (a town and prefecture in the third administrative region of Mali). They got to know each other through bonds of kinship, community and marriage.

The members of the group are retailers, restaurateurs, or sell "canaris" (clay pots). In order to bolster their working capital, they decided to join Kiva's partner, the MFI Soro Yiriwaso, from which they are seeking their second solidarity loan (group loan).

Mrs. Ramatou (second woman on the left in the photograph) is one of the pot sellers of the group. She intends to use her loan to manufacture clay pots (transporting clay, buying firewood bundles, and covering labor expenses).

She gets her supplies on the riverside and retails for cash and on credit, at her home and at the market, to a clientele comprising both men and women.

Thanks to this loan, she intends to turn an average monthly profit of XOF 12'500 (ca US$ 25) to be in part reinvested in her business, and in part used to help her husband cover some family expenses.
View original language description ↓
Constitué exclusivement de 5 femmes mariées, les membres de groupe BENKORO vivent dans des familles traditionnelles et nucléaires avec une moyenne d’âge de 39 ans et 5 enfants. Elles habitent toutes dans la ville de Kolondieba (Préfecture de la 3ème Région administrative du Mali) et se sont connues à travers des liens de parenté, de voisinage et de mariage.
Les membres du groupe font le petit commerce: restauration et vente de canaris.
Dans le but d’augmenter leurs fonds de commerce, les membres du groupe ont intégrés Soro Yiriwaso et sont à leur 2ème cycle de prêt solidaire.
Madame RAMATOU (2ème à droite sur la photo) est l’une des vendeuses de pots du groupe. Elle compte utiliser son prêt pour la confection de pots (transport d’argile, achat de fagots et frais de main d’œuvre)
Elle s’approvisionne au bord du fleuve et effectue ses ventes en détail, au comptant et à crédit, à domicile et au marché, à une clientèle composée d’hommes et de femmes.
Madame RAMATOU compte réaliser avec ce prêt un bénéfice mensuel moyen de 12.500 FCFA qui sera utilisé, pour être réinvesti dans l’activité et aider son mari dans certaines dépenses familiales.

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
  • 30
    View loans »
    Mali Loans Fundraising
  • $10,686,675
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kototala Group's $500 loan helped a member to manufacture clay pots known as "canaris".
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014