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Kotognontala Group
In this Group: Fatoumata, Basira , Aminata, Kadiatou Yah , Aby , Fatoumata , Kadiatou
The Kotognontala group consists of married women, who on average are 40 years old with six children. They all live in traditional families in the village of Beleda in the Dioïla prefecture, which is part of the Koulikoro region (the second administrative region of the Republic of Mali).

They met through kinship, neighborhood ties and friendship. They run eateries, trade grain cereals, sell condiments, clothing and plastic shoes. The Kotognontala group of women are on their tenth group loan. To meet their customers' huge demands, they call upon Soro Yiriwaso.

Fatoumata is the first person sitting from right to left. She is illiterate, and currently runs an eatery. She will buy rice, Maggi cubes and condiments from wholesalers in Massigui.

Food preparations are sold for cash in her eatery to a mixed clientele. She expects to achieve monthly profits of 65,000 CFA francs, which will be reinvested in her business.
View original language description ↓
Le groupe KOTOGNONTALA est composé de femmes mariées, elles ont en moyenne40 ans et 6enfants.Elles vivent toutes dans des familles traditionnelles dans le village de Beleda, préfecture de Dioïla, 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 la restauration, le commerce de céréales, condiments, de l’habillement et de chaussure en plastique.
Les femmes du groupe KOTOGNONTALA sont à leur dixième prêt solidaire.
Dans le but de satisfaire la demande énorme de leurs clientèles, elles font recours à Soro Yiriwaso.
La cliente FATOUMATA, première personne de la droite vers la gauche dans le rang des assises est analphabète, elle est actuellement restauratrice.Elle compte acheter du riz, du cube Maggi et des condiments chez les grossistes à Massigui.
La vente des plats se fait en espèce dans sa gargote à une clientèle mixte. Elle compte réaliser un bénéfice mensuel de65000Fcfa,qui sera réinvesti dans son 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.

Tags

About Mali

  • $1,200
    Average annual income
  • 14
    View loans »
    Mali Loans Fundraising
  • $10,173,725
    Funds lent in using Kiva
  • 489.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kotognontala Group's $2,875 loan helped a member buy ingredients for restaurant business.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2014
Listed
Aug 4, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015