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Kotognontala Group
In this Group: Korotoumou , Bintou , Nene , Fatoumata , Ami , Awa , Kadia , Mai
The Kotognontala group is made up of married women who average 37 years of age, with three children each. They all live in extended traditional families in the town of Fana in the Koulikoro region (the Republic of Mali's second administrative region). They got to know each other through relatives, neighbors and friends. They trade in clothing, drinks, charcoal, cosmetics and, in the case of Bintou, miscellaneous shop products. The women in the Kotognontala group are on their eighth group loan having repaid the previous seven loans in full.

Bintou, who is sitting on the far right in the photo, is planning to buy five cartons of powdered milk sachets, three cartons of tea, two sacks of sugar, two cartons of various sorts of biscuits and a carton of candies with her loan. She will buy these products from wholesalers in Fana and resell them also in Fana, on a retail basis, for cash and sometimes on credit, to a customer base made up of men and women. She hopes to make an average monthly profit of 25,000FCFA which will be divided into two, one half being used for the family's expenses and the other reinjected into her business.
View original language description ↓
Le groupe Kotognontala, composé de femmes mariées, ont en moyenne 37 ans, 3 enfants et vivent toutes dans des familles traditionnelles élargies dans la ville de Fana, Région de Koulikoro (deuxième région administrative de la république du Mali).
Elles se sont connues à travers des liens de parenté, de voisinage et d’amitié. Elles font le commerce d’habillements, de boissons, du charbon de bois, des produits cosmétiques et des articles divers de boutique à l’image de Bintou. Les femmes du groupe Kotognontala sont à leur huitième prêt solidaire, après avoir correctement les sept précédents.
Bintou, la première assise à droite compte acheter avec son prêt, 5 cartons de sachets de lait en poudre, 3 cartons de thé, 2 sacs de sucre, 2 cartons de biscuits de différentes sortes et 1 carton de bonbons, auprès des grossistes de Fana. Bintou revend à Fana, en détail, au comptant et quelques fois à crédit à une clientèle composée d’hommes et de femmes.
Elle espère réaliser un bénéfice moyen de 25.000 FCFA par mois, qui sera divisé en deux, une partie sera utilisée pour les dépenses de la famille et l’autre réinjectée dans l’activité.

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
  • $9,921,450
    Funds lent in using Kiva
  • 491.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognontala Group's $1,225 loan helped a member to buy various products for her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014