Check out some available loans that are similar to this one!
Kotognogontala.(Compromis Mutuelle) Group
In this Group: Afou Ballo, Anchata, Abi, Djata, Alimatou, Djarata, Djalia
Kotognongontala is a group of seven married women from the village of Kaboila in the city of Sikasso (third largest economic region in the Mali Republic). On average they are 37 years old and have 5 children. They live in polygamous families with their husbands, co-spouses and other relatives. They lead various business activities: Conversion, purchase and sale of crops, charcoal and food products, wool knitting, pottery, etc. Concerned with increasing the size of their business, the members of the Kotognongontala group incorporated a loan program through the Soro Yiriwaso microfinance institution for the last eight years. The group is requesting its seventh loan after having correctly repaid all previous loans. The current loan will be used to buy 3 dozen plastic cups, 2 dozen pairs of plastic shoes, 7 reels of wool thread (to make baby clothes) at the large market in the city of Sikasso, 60 bags of charcoal and 250kg of “néré” tree seeds (to make “soumbala,” a condiment) locally or in surrounding villages. The products are sold at the large city market in Sikasso on market days and in the village of Kaboila as retail, wholesale and cash sales. They believe they can earn a monthly profit of 22,500F CFA each that will be used to help their husbands with family expenses and pay the interest on their loan.
Kotognongontala est un regroupement de sept femmes mariées du village de Kaboïla de la ville de Sikasso (troisième région économique de la république du Mali) ayant une moyenne d’âge de 37 ans et 5 enfants. Elles vivent dans des familles polygames avec leurs maris, des coépouses et bien d’autres parents.
Elles mènent differentes activités: la transformation, l’achat vente des produits de ceuillettes, du charbon de bois, des produits alimentaires , le tricotage de laine, la poterie etc.
Dans leurs soucis d’augmenter la taille de leurs activités, les membres du groupe Kotognongontala ont décidé d’intégrer le programme de crédit de l’institution de microfinance Soro Yiriwaso depuis huit ans. Le groupe est à son dix septième prêt après avoir correctement remboursé les précédents.
Le prêt actuel sera utilisé pour acheter 3 douzaines de tasses en plastique, 2 douzaines de paire de chaussures en plastique, 7 bobines de fil en laine (pour la confection des layettes) au grand marché de la ville de Sikasso, 60 sacs de charbons de bois et 250kg de graines de néré (pour en faire du soumbala) sur place ou dans les villages environants. Les produits sont vendus au marché de la ville de sikasso les jours de foire et dans le village de Kaboila, en détail, en gros et au comptant.
Elles estiment pouvoir dégager chacune un bénéfice mensuel de 22.500FCFA qui sera utilisé pour aider leurs maris dans les dépenses de la famille et payer les intérêts du prêt.

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
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 445.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala.(Compromis Mutuelle) Group's $1,200 loan helped a member purchase of woold thread, plastic materials, bags of charcoal and "nere" seeds (to make Soumbala).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 20, 2008
Listed
Sep 5, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009