A loan of $400 helped a member to purchase condiments.


Teriya Group's story

Teriya is a group from the Balimaya association, comprising four married women who know one another through family links and the neighbourhood. They are forty years old and have five children each on average; they have different business activities such as the purchase and sale of condiments and vegetables, as is the case with Ami who is the second person seated in the photo, from right to left.
They live in large traditional families in the catholic mission district of Ouelessebougou, in Kati county (the Koulikoro region, Republic of Mali). They have been small traders for several years, and are in high demand for their services.
In order to satisfy the growing need of their customers, the group members decided to join Soro Yiriwaso's loan programme three years ago. They are on their fourth mutual loan.
Ami, who is the group's president and is very well known in Ouelessebougou, excels in the sale of vegetables and condiments. She plans to use her loan to buy various food condiments (pepper, fresh tomatoes, onion, cabbage, aubergine). She buys her stock in Bamako and from local wholesalers, and sells the products in Ouelessebougou, retail, for cash and credit to both men and women.
She hopes to make a monthly profit of 15,000FCFA - enough to allow her to repay the loan and to invest in her business.

In this group: Ami , Nagnini, Ramata , Sitan

Translated from French by Kiva volunteer Alistair Assheton



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