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Kotognontala (Soyons   Unie) Group
In this Group: Mamou , Djenèba, Teingna , Sali , Tata , Bakadia , Karia , Abita , Fanta , Fatoumata
The ten women in the Kotognontala group are all married and average 42 years of age and 5 children. The members of the group live in large extended traditional families in the Massakina neighborhood (village of Dah, San Prefecture, in the Ségou Region, Republic of Mali). They got acquainted through bonds of neighborhood and kinship. They are in the same field of business, selling peanuts and powdered baobab leaves. They are very much in demand in this business.


To meet an ever-increasing customer demand, the group solved his problems by joining Kiva's partner, the microfinance organization Soro Yiriwaso, from which it is seeking its first solidarity loan (group loan). The women intend to use the loan to buy sacks of dried baobab leaves and sacks of peanuts at the local market. These products are sold wholesale at the San market and in Bobo (in Burkina Faso). During this cycle, they hope to turn an average profit of XOF 60'000 (ca US$ 120) each, to be used to repay the loan, and to provide for their extended families. They will invest the remainder in their businesses. They ambition to have a sufficient working capital to start selling pagnes (colorful African cloth) in Bobo.

View original language description ↓
Les dix femmes du groupe kotognontala sont toutes mariées, la moyenne d’âge des femmes du groupe se situe autour de 42 ans et elles ont en moyenne 5 enfants. Les membres du groupe kotognontala vivent dans des grandes familles traditionnelles élargies au quartier Massakina du village de Dah, de la préfecture de San (région de Ségou, république du Mali).
Elles se sont connues à travers des liens de voisinage et de parenté.
Elles exercent la même activité de vente d’arachide, de poudre de feuille de baobab et sont très sollicitées dans cette activité.
Pour satisfaire le besoin de sa clientèle qui ne cesse d’augmenter, le groupe kotognontala a eu une solution à ses problèmes en intégrant l’institution de microfinance Soro Yiriwaso avec laquelle il est à son premier prêt solidaire (prêt de groupe).
Elles comptent utiliser ce prêt pour acheter des sacs de feuilles de baobab séchées et d’arachide dans le marché de la localité. Ces produits sont vendus en gros au marché de San et à Bobo (au Burkina Faso).
Elles espèrent réaliser chacune un bénéfice moyen de 60 000 FCFA au cours de ce cycle qui sera utilisé pour rembourser les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités. Elles ont pour ambition d’avoir un fonds suffisant pour braser en même temps le commerce de pagne de Bobo.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 481.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kotognontala (Soyons Unie) Group's $1,050 loan helped a member to buy sacks of peanuts and sacks of dried baobab leaves.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009