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Kotognongontala I Group
In this Group: Rokia , Mah , Binta , Hawa , Maimouna , Maimouna , Afou , Satou , Kadiatou , Aminata
The members of Kotognongontala I Group are married women who, on average, are 42 years old, have six children, and all live in polygamous families in Korobarrage, a village in Sikasso, Mali's third administrative region. They collaborate with microfinance institution [MFI] Soro Yiriwaso in order to successfully carry out their farming during the rainy season. The group is on its fifth loan with the MFI, and the previous loans have been properly repaid.

The crop to be grown is corn, with Mrs. Satou, seated second from the left in the photo. With her loan, Mrs. Satou plans to pay for [enough] labor, seeds, and fertilizer to maintain half [a hectare]. The crop will be sold in the village market after the harvest, to male and female customers.

Mrs. Satou expects to see a profit of 90,000 CFA francs per crop. This profit will allow her to repay her loan and to help her husband with the day-to-day expenses.
View original language description ↓
Les membres du groupe KOTOGNONGONTALA I sont des femmes mariées ayant une moyenne d’âge de 42 ans, 6 enfants et vivant toutes dans des familles polygames à KOROBARRAGE, 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 cinquième prêt avec l’institution, les prêts passés ont été bien remboursés.
La spéculation cultivée est le maïs avec Mme SATOU assise en deuxième position de la gauche vers la droite sur la photo.
Avec son prêt, elle compte acheter le labour, la semence et les engrais pour entretenir 0,5. La production est vendue au niveau du village, au marché après la récolte à une clientèle composée d’hommes et de femmes.
Elle compte réaliser un bénéfice de 90.000 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
  • 13
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 491.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognongontala I Group's $775 loan helped a member to purchase labor, farm inputs, and seeds.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014