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Kotognogontala Group
In this Group: Maïmouna , Minata , Natali , Bâ , Sirantou
The members of the Kotognogontala group are all married women and are on average 30 years old with three children. Most live in monogamous families in KAMALEN SIRAKORO, one of the villages in the commune of Sikasso (3rd administrative region of Mali).

They collaborate with the Soro Yiriwaso MFI to satisfy their customers’ needs and are requesting a third group loan. All past loans have been repaid in full. Group members sell food condiments, soap, traditional medications, sweets and smoked fish.

With her new loan Minata D. (who prepares food condiments) will buy 4 packages of condiments (tomatoes, onions, peppers, cabbage, gombos, salt, oil, peanut paste, etc.). She gets her supplies from the market in Sikasso and from neighbouring villages. She resells at the KAMALEN SIRAKORO market and through home delivery, for cash and often for credit, to women customers.

She is hoping to attain an average monthly income of 32,500 FCFA of which part will be put into savings and used for family expenses, while the remainder will be reinvested in the commercial activities. She is hoping to accumulate more capital to better satisfy her customers and to fix up her stall.
View original language description ↓
Les membres du groupe Kotognogontala sont essentiellement des femmes mariées avec une moyenne d’âge de 30 ans, 3 enfants et vivant la plupart dans des familles monogames à KAMALEN SIRAKORO un des villages de la commune de Sikasso, 3ème région administrative du Mali.
Elles collaborent avec l’institution de microfinance Soro Yiriwaso afin de satisfaire le besoin de leur clientèle et sont à leur troisième prêt. Les prêts passés ont été bien remboursés.
Les membres du groupe font la vente de condiments alimentaires, de savons, de médicaments traditionnels, des friandises et des poissons fumés.
Avec son nouveau prêt, Minata D. qui fait les condiments alimentaires compte acheter, 4 colis de condiments (tomates + oignons + poivres + choux + gombo +sel + huile + pâte d’arachide etc.). Elle s’approvisionne au marché de Sikasso ville et dans les villages avoisinants. Elle revend au marché de KAMALEN SIRAKORO et à domicile, au comptant et souvent à crédit à une clientèle composée de femmes.
Elle envisage réaliser un bénéfice mensuel de 32.500FCFA dont une partie sera utilisée pour l’épargne et les besoins de la famille, l’autre partie sera investie dans les activités.
Elle compte avoir plus de capitaux pour mieux satisfaire sa clientèle et aménager son point de vente.

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
  • 51
    View loans »
    Mali Loans Fundraising
  • $12,694,550
    Funds lent in using Kiva
  • 506.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD