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Kotognogontala Group
In this Group: Awa , Diaratou , Alimata , Mariam , Korotoumou , Djénèbou Yacouba
Kotognogontala is a group composed of six women, all married, averaging four children and 37 years of age. They live in traditional extended families in the village of Bougoula Hameau, Sikasso Prefecture (third administrative region of the Republic of Mali). United by ties of community and alliances, these women do various and varied work to earn an income. In addition to their main work, which is commerce in condiments, they sell smoked fish, cups, tubs, clothing for children, etc.


To satisfy their every-increasing customer base, the group members decided to join the Soro Yiriwaso micro-finance institution, with which they are on their fourth solidarity loan (group loan). All the preceding loans have been correctly repaid. This four loan will enable them to buy: 13 boxes of tomatoes, 10 sacks of néré seeds, 2 sacks of onions, 2 of eggplant, 1 of okra, 5 packets of Maggie bouillon cubes, 5 cans of tomato paste, etc.


Generally, they buy their merchandise at the grand marketplace of the city of Sikasso. Sales are made either at the local marketplace or out of homes, cash or credit accepted, to customers composed of village women.


Using this fourth loan, they each envision realizing an average profit of 15,000 francs CFA per month that will be used to support the businesses, to pay the loan interest, and to help cover the expenses of their respective families.

View original language description ↓
Kotognogontala est un regroupement composé de 6 femmes toutes mariées ayant en moyenne 4 enfants et 37 ans qui vit dans des familles traditionnelles élargies au village Bougoula Hameau de la préfecture de Sikasso(troisième région administrative de la république du Mali).
Unies par des relations de voisinage et d’alliance ces femmes mènent des activités génératrices de revenus diverses et variées. En plus de leur activité principale qui est l’achat et la vente des condiments alimentaires, elles vont la vente, de poissons fumés, de tasses, de baignoires , de vêtements pour enfants etc.
Afin de satisfaire le besoin de sa clièntele qui ne cesse d’augmenter, ce groupe décida d’intégrer l’institution de microfinance Soro Yiriwaso avec laquelle il est à son 4ème prêt solidaire (prêt du groupe). Tous les prêts précédents ont été correctement remboursés.
Ce quatrième leur permettra d’acheter, 13 caisses de tomate, 10 sacs de noix de Néré, 2 sacs d’oignon, 2 sacs d’aubergine, 1 sac de gombo, 5 paquets de cubes maggie, 5 boîtes de concentré tomate, etc.
Généralement elles achètent leurs marchandises au grand marché de la ville de Sikasso et les ventes sont effectuées soit au marché local, soit à domicile au comptant et à crédit à une clienèle composée des femmes du village.Elles envisagent réaliser chacune avec ce 4ème prêt un bénéfice moyen de 15.000 FCFA par mois qui sera utilisé appuiyer les activités, payer les intérêts du prêt et à participer aux dépenses de leurs familles respectives.

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
  • 23
    View loans »
    Mali Loans Fundraising
  • $11,383,950
    Funds lent in using Kiva
  • 516.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala Group's $1,475 loan helped a member to buy condiments, smoked fish, cups, tubs, rice, and children's clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009