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Kotognogontala Group
In this Group: Setou , Bia Dite Batoma , Maman , Maman
The members of the group Kotognogontala (composed of four married women) average 28 years of age and three children. They reside in the Médine district of the city of Sikasso and do commerce variously in: bananas, damask fabrics, children’s clothing, and shoes.


They are collaborating with the micro-finance institution Soro Yiriwaso to satisfy their burgeoning customer base and are on their second solidarity loan (group loan). The preceding loan has been correctly repaid. They plan to use this loan to buy 4 dozen pieces of children’s clothing, a dozen bunches of bananas, 15 pairs of shoes, and 25 meters of damask. Their supplies are gotten locally in Sikasso and surrounding areas.


The goods are sold at the retail level and for cash in the marketplaces of Sikasso (especially in the Médine marketplace and the grand marketplace of the city) and in the districts, to customers composed of women and men.


The group members each hope to realize a monthly profit of 17,500 francs CFA per month that will be used to provide for the family and to invest the rest in their businesses.

View original language description ↓
Les membres du groupe Kotognogontala (composé de 4 femmes mariées) ont une moyenne d’âge de 28 ans avec en moyenne 3 enfants. Elles résident dans le quartier Médine de la ville de sikasso.
Elles exercent des activités commerciales différentes respectivement : la vente de bananes, de bazin, d’habits pour enfant et de chaussures.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle de plus en plus croissante. Elles sont à leur deuxième prêt solidaire (prêt de groupe).Le prêt précédent a été correctement remboursé.
Elles comptent acheter avec ce prêt 4 douzaines de vêtement pour enfants, une dizaine de régime de banane, une quinzaine de paire de chaussures et 25m de tissu bazin. Elles s’approvisionnent sur place à Sikasso et environnants
Les produits sont vendus en détail et au comptant dans les marchés de la ville de Sikasso (surtout au marché de Médine et au grand marché de la ville) et dans les quartiers à une clientèle composée de femmes et d’hommes.
Elles espèrent réaliser chacune un bénéfice moyen de 17.500 FCFA par mois qui sera utilisé pour subvenir au besoin de la famille et investir le reste dans les activités.

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
  • 35
    View loans »
    Mali Loans Fundraising
  • $11,397,700
    Funds lent in using Kiva
  • 496.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognogontala Group's $625 loan helped a member to buy children's clothing, bananas, shoes, and cloth.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2008
Listed
Feb 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009