A loan of $425 helped a member to buy 5 pieces of pagnes Wax (colorful African cloth) and one bale of secondhand clothing.

Teriya Group's story

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.

In this group: Ami , Nagnini , Ramata , Nantene

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Translated from French by Kiva volunteer Patrick Stadelmann

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