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Kotognogontala Ii Group
In this Group: Saran , Fatoumata, Diatou, Boyatta , Korotoumou , Assetou , Salimata
Members of the Kotognogontala II group are married women who on average are 35 years old with four children, all living in polygamous families in Bella, part of the Kebila commune in the Kolondieba circle, one of the prefectures in the third administrative region of Mali.

They collaborate with the Soro Yiriwaso micro-finance institution in carrying out their farming activities during the rainy season. They are on their fourth loan with the institution, and all past loans have been fully repaid.

The crops cultivated are groundnuts and rice featuring Saran, the first person standing on the right in the photo. She will use her loan to buy inputs, seeds and pay for plowing to cultivate 0.5 hectares (about 1.24 acres). After harvest the crop is sold at village level and in Kebila, to a clientele composed of men and women.

Sitan hopes to attain profits of 50,000 CFA francs, enabling her to pay off her loan and also to help her husband with daily expenses.
View original language description ↓
Les membres du groupe KOTOGNOGONTALA II sont des femmes mariées ayant une moyenne d’âge de 35 ans, 4 enfants et vivant toutes dans des familles polygames à BELLA, commune de KEBILA, cercle de KOLONDIEBA, une des préfectures de la 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 quatrième prêt avec l’institution, les prêts passés ont été bien remboursés. La spéculation cultivée est l’arachide et le riz avec SARAN 1ère personne debout à droite sur la photo. Avec son prêt, elle compte acheter des intrants, la semence et payer les frais de labours pour exploiter 0,5 hectare. La production est vendue au niveau du village et à KEBILA après la récolte à une clientèle composée d’hommes et de femmes. SARAN espère réaliser un bénéfice de 50.000FCFA qui sera utiliser pour 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

  • $1,100
    Average annual income
  • 29
    View loans »
    Mali Loans Fundraising
  • $11,391,925
    Funds lent in using Kiva
  • 482.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kotognogontala Ii Group's $650 loan helped a member buy inputs, seeds, and pay plowing costs for the crop year.
84% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 14, 2014
Listed
Jul 11, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015