Check out some available loans that are similar to this one!
Kokatia Group
In this Group: Fatoumata , Waraba, Ramatou , Safiatou
The women in the Kokatia group average 40 years of age and 3 children. They live in large traditional families in the village of Koumantou, in the Bougni Prefecture (third administrative region of the Republic of Mali). They run various businesses, ranging from buying and reselling food condiments, to selling cereals and clothing. These women entered into partnership with Kiva's partner Soro Yiriwaso six months ago. They are seeking their second group loan (solidarity loan), after having repaid the first one without problems.


The women in the Kokatia group intend to use this loan to buy 100 kg of fresh onions, 80 kg of dried fish, one sack of salt, and some fabrics. They get their food and fabric supplies from ambulant sellers from Sikasso. Fabrics are sewed to make shirts for selling. They buy wholesale and sell retail, for cash or on credit, to a rich and diverse clientele.


The members of the group hope to turn an average monthly profit of XOF 30'000 (ca US$ 60), to be used to repay the loan and help with the family expenses.

View original language description ↓
Les femmes du groupe Kokatia ont en moyenne 40 ans, 3 enfants et vivent dans des grandes familles traditionnelles dans le village de Koumantou préfecture de Bougouni (troisième région administrative de la république du Mali).
Elles font diverses activités qui vont de l’achat vente de condiments alimentaires, à la vente de céréales et d’habits.
Ces femmes sont en partenariat avec l’institution de microfinance Soro Yiriwaso depuis 6 mois. Elles sont à leur deuxième prêt de groupe (prêt solidaire). Le premier prêt a été correctement remboursé.
Les femmes du groupe Kokatia comptent utiliser ce prêt pour acheter, 100 kg d’oignons frais, 80 kg de poisson séché, un sac de sel de cuisine et des tissus. Elles s’approvisionnent en tissus et en condiments alimentaires avec les forains venant de Sikasso. Les tissus sont cousus pour faire des chemises destinées à la vente. Tous les achats sont faits en gros pour la vente au détail, au comptant et à crédit à une clientèle riche et variée.
Les membres du groupe Kokatia espèrent gagner en moyenne 30.000 FCFA par mois. Ce qui leurs permettra de rembourser l’échéance du prêt et de contribuer aux dépenses familiales.

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
  • 29
    View loans »
    Mali Loans Fundraising
  • $9,992,325
    Funds lent in using Kiva
  • 519.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kokatia Group's $400 loan helped a member to buy and resell various items (onions, dried fish, salt, ...).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009