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Kotognongontala  I Group
In this Group: Assanatou , Fanta , Massine , Ramatou, Massita , Ramatou , Safiatou , Mamou , Masseni , Siata
The members of the group called KOTOGNONGONTALA I are married women with an average age of 42 and four children on average, all living in polygamous families in TOUROUMADIE, one of the villages of Sikasso, third administrative region of Mali.

They work with the microfinance institution Soro Yiriwaso so as to succeed with their agricultural activities during the rainy season. They are on their second loan with the institution, their first loan having been correctly reimbursed.

The crop cultivated is rice in the case of Ramatou, standing second from right to left in the photo. With her loan she intends to pay for plowing and fertilizer to farm one half hectare. Her produce is sold right in the village and in the market, after the harvest, to a clientele composed of men and women. She expects to make an average profit of 115,000 F CFA per season. This profit will allow her to repay her loan and also to help her husband with daily expenses.
View original language description ↓
Les membres du groupe KOTOGNONGONTALA I sont des femmes mariées ayant une moyenne d’âge de 42 ans, 4 enfants et vivant toutes dans des familles polygames à TOUROUMADIE, 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 deuxième prêt avec l’institution, le prêt passé à été bien remboursé.
La spéculation cultivée est le riz avec RAMATOU debout en deuxième position de la droite vers la gauche sur la photo.
Avec son prêt, elle compte payer les frais de labour et les engrais pour entretenir 0,5 hectare.
La production est vendue au niveau du village et au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice moyen de 115.000 francs CFA par campagne.
Ce bénéfice lui permettra de payer son prêt et aussi d’aider son mari 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
  • 18
    View loans »
    Mali Loans Fundraising
  • $10,308,425
    Funds lent in using Kiva
  • 492.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognongontala I Group's $600 loan helped a member to pay for plowing and farm inputs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014