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Soforaal Group
In this Group: Dédé, Khady, Mariama, Félicité, Gnima, Deynabou
The group "Soforaal" (meaning "to support one another" in Diola, the local language) is a solidarity group of the "Banc Villageois" TAMBACOUMBA from the Casamance region in Senegal. The six women who are part of the group mainly work as seafood retailers, though most women in this region have multiple occupations. The group has existed since 2002, when the "Banc Villageois" was founded. So far, the members have received 16 loans each, all of which they repaid in time to Caurie Microfinance, one of Kiva's Fieldpartners in Senegal.

Dédé Kanté is the leader of the group: she is 57 years old, widowed and responsible for four children (three boys and one girl). Market gardening is her main activity and most important source of revenues. Besides this, she sells fish as a second occupation to earn some extra money. She purchases the fish in the villages of Tambacoumba or Adéane and sells them at the market of Adéane at the border of the Casamance River in Senegal. Dédé Kanté is very experienced in this domain. Her daughter supports her in this business.

As a widow, Madame Kanté needs the money from her two activities to cover health and food expenses for herself and the children she's responsible for.

Additional Information

About CAURIE Micro Finance

The mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.

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 Senegal

  • $2,300
    Average annual income
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,894,400
    Funds lent in using Kiva
  • 490.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Soforaal Group's $1,500 loan helped a member to purchase new seafood to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 24, 2010
Listed
Apr 27, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010