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Teriya Group
In this Group: Ami , Nagnini , Ramata , Nantene
Teriya is a group belonging to Balimaya association in Ouelessebougou. It regroups married women who got to know each other through bonds of kinship and community. They average 36 years of age and five children each, and live in large traditional families in Mission, in Ouelessebougou Subprefecture, Koulikoro Region, Republic of Mali.

They run various businesses, such as buying and selling clothing, just like Ami, the second person seated from the left in the photograph. They've been in the retail business for several years, buying and selling clothing: pagnes Wax (colorful African cloth) and secondhand clothing, and they are very much in demand.

Eager to satisfy the growing needs of their clientele, the members of the group decided to join the loan program of Kiva's partner, Soro Yiriwaso, four years ago. They are seeking their seventh solidarity loan (group loan).

Ami, the president of the group, is very well known in Ouelessebougou and she excels in selling clothing. She intends to use her loan to buy 5 pieces of pagnes Wax and one bale of secondhand clothing.

She gets her supplies in Bamako and locally from wholesalers, and retails her clothes in Ouelessebougou, for cash and on credit, to a clientele comprising both men and women.

She hopes to turn an average monthly profit of XOF 10'000, which will enable her to repay the loan, and reinvest the remainder in her clothing business.
View original language description ↓
TERIYA est un groupe de l’association BALIMAYA de Ouelessebougou. Il regroupe des femmes qui se sont connues à travers des liens de parenté et de voisinage. Elles ont une moyenne d’âge de 36 ans. Mariées avec en moyenne cinq enfants, elles mènent différentes activités telles l’achat vente d’habillements à l’image de AMI qui est la deuxième personne assise de la gauche vers la droite de la photo. Elles vivent dans des grandes familles traditionnelles à MISSION dans la Sous préfecture de Ouelessebougou (Région de Koulikoro, République du Mali).
Elles sont dans le petit commerce depuis plusieurs années et sont très sollicitées dans leurs activités d’achat vente d’habillement : pagnes wax et friperie.
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 quatre ans. Elles sont à leur septième prêt solidaire.
AMI, qui est la présidente du groupe et très connue à Ouelessebougou, excelle dans la vente d’habillements. Elle compte utiliser son prêt pour acheter 5 pièces de pagne wax et de 1 balle de friperie. Elle s’approvisionne à Bamako et sur place auprès des grossistes et vend ses habits à Ouelessebougou, en détail, au comptant et à crédit, à une clientèle composée d’hommes et de femmes.
Elle espère sur un bénéfice mensuel de 10.000FCFA somme qui lui permettra de rembourser le prêt et de réinvestir le reste dans son activité d’achat vente d’habillements.

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.

Tags

About Mali

  • $1,200
    Average annual income
  • 24
    View loans »
    Mali Loans Fundraising
  • $9,921,450
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Teriya Group's $425 loan helped a member to buy 5 pieces of pagnes Wax (colorful African cloth) and one bale of secondhand clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 12, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014