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Teriya Group
In this Group: Ami , Mayini , Ramata , Sitan, Sali , Awa
TERIYA is a group of the association BALIMAYA of Ouelessebougou. It comprises six women who know one another through ties of kinship and community. The women average 40 years of age, and they are married having at least five children each. They run different businesses, such as trade in condiments and vegetables, just like Ami, who is seated first from the right in the photo.

The women live in traditional extended families in Ouelessebougou, in Kati Prefecture (Region of Koulikoro, Republic of Mali). The group members has been in small-scale businesses for several years and are in high demand in their businesses.

Concerned about satisfying the growing need of their customers, the group members decided to join the loan program of the microfinance institution Soro Yiriwaso two years ago. They are now on their third solidarity loan.

Ami, who is the group's president, is well-known in Ouelessebougou. She excels in the buying and selling of vegetables. She intends to use her loan to buy 20 baskets of vegetables of different kinds (peppers, tomatoes, onions, cabbages). She gets her supplies in Bamako from wholesalers and sells her goods in Ouelessebougou and at different weekly fairs at the retail level, cash or credit accepted. Her customer base is composed essentially of women.

She is hoping for a monthly profit of 45,000 francs CFA, which will enable her to pay back the loan and to reinvest in her business.
View original language description ↓
TERIYA est un groupe de l’association BALIMAYA de Ouelessebougou. Il regroupe 6 femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 40 ans, sont mariées et ayant au moins cinq enfants. Elles mènent différentes activités telles l’achat vente de condiments et de légumes à l’image de AMI, première assise de la droite vers la gauche. Elles vivent dans des grandes familles traditionnelles à Ouelessebougou dans la préfecture de Kati (Région de Koulikoro, République du Mali). Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités.
Dans le souci de satisfaire le besoin croissant de leur clientèle, les membres du groupe ont décidé d’intégrer le programme crédit de Soro Yiriwaso il y a deux ans. Elles sont à leur troisième prêt solidaire.
AMI, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans l’achat vente de légumes. Elle compte utiliser son prêt pour acheter, 20 paniers de légumes de différentes sortes (poivre, tomate, oignon, choux). Elle s’approvisionne à Bamako auprès des grossistes et vend ses articles à Ouelessebougou et dans les différentes foires hebdomadaires, en détail, au comptant et à crédit, à une clientèle composée essentiellement de femmes.
Elle espère sur un bénéfice mensuel de 45.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir dans son activité.

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
  • 73
    View loans »
    Mali Loans Fundraising
  • $10,874,825
    Funds lent in using Kiva
  • 497.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Teriya Group's $1,525 loan helped a member to buy vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012