Funded

Total loan: $425
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Teriya Group

Mali
Bougouni, Mali / Food Production/Sales

A loan of $425 helped a member tu purchase food condiments.


Teriya Group's story

The members of the Teriya group within the Balimaya association are all married and, on average, are 34 years old and have 3 children. They live in extended traditional families with their brothers, sisters, co-wives, children and husbands. These women live in the Heremakono-Centre district of the town of BOUGOUNI, (third administrative region of the Republic of Mali). These women met each other through business, family and neighborhood ties. They excel in the sale of various items: liquid soaps, Sounbala (a traditional condiment), peanut seeds, shea butter etc.

In order to meet sharply increasing customer demand, they decided to join the microfinance institution Soro Yiriwaso. This is their first group loan. With this loan, MASSABA C., intends to purchase 500 kilograms of peanut seeds, 300 kilograms of shea butter and a few packages of other various food condiments from suppliers in surrounding villages. She sells retail or wholesale, for cash or credit, door-to-door or at the market in Bougouni, to consumers and retailers. With this loan, MASSABA C. hopes to make a monthly profit of 30,000 CFA Francs that will be used to cover the family's expenses.

In this group: Massaba , Chata , Oumou , Awa
*not pictured

Translated from French by Kiva volunteer Marie-Elodie Bazy



Loan details

Loan length:

8 months
Disbursed date: December 9, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: December 9, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children