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Bokk Jom-Medina Sorar Group
In this Group: Fatou, Maty , Fatou , Daba, Maguette, Coumba, Ndèye Sokhna, Khady, Sokhna, Assane, Noyine
The BOKK-JOM group of Médina Sorar was created six months ago in 2009, at the same time the MEDINA SORAR « Banc Villageois » loan group was inaugurated. The group consists of 11 members, all from the same neighbourhood, from which the Banc Villageois took its name.

It is a very closely knit and supportive group, which regularly holds consultation and exchange meetings to ensure the good functioning of their businesses. It is a homogeneous group of married women, mothers of at least three children.

They are very resourceful in commercial matters, diversifying their activities: some sell incense, others seafood products, beauty products, or clothing fabrics.

The president, Mrs Fatou T., seen at the far right in the picture, wearing a red, gray and yellow square-patterned ensemble, is 45 years old. She is a very dynamic woman, who nurtures a spirit of solidarity and mutual aid within the group. She is quite strict and strong-willed and doesn’t spare any efforts to maintain the good functioning of the group and the success of their business activities.

She retails clothing apparel and beauty products. She gets her supplies from Dakar, the capital of Senegal, for resale on credit in her neighbourhood. She recovers her loan payments at the end of each month. Her objective is to support her husband with their children’s nourishment and education.

Although the group only existed six months within the CAURIE-MF MFI, their members had prior experience with credit loans over the past five years. This has given them a solid commercial sense, ensuring that their first loan was reimbursed without problems, and also sustaining a good level of savings.
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Le groupe BOKK-JOM de Médina Sorar est créé, il y a six mois en même temps que l'inauguration du Banc Villageois "MEDINA SORAR" en 2009. il est composé de 11 membres issus tous du même quartier que porte le nom du Banc Villageois. C'est un groupe très soudé et solidaire, qui tien régulièrement des rencontres de concertation et d'échange pour la bonne marche de leurs activités de commerce. C'est un groupe homogène, elles sont toutes mariées et mère d'au moins de 3 enfants. Se sont des femmes très dégourdies en matière de commerce, elles diversifient leurs activités commerciales, certaines vendent de l'encens, d'autres des produits halieutiques ou cosmétiques et/ou tissus.

la présidente, Madame Fatou T., à l'extrême droit de la photo, en tenue tapissés de carreaux rouges, gris et jaunes est âgée de 45 ans. C'est une femme très dynamique, qui cultive un bon esprit de solidarité et d'entraide dans le groupe. Elle est pleine de rigueur et de volonté et ne ménage pas d'effort pour la bonne marche du groupe et la réussite de ses entreprises. Elle fait du commerce d'effets vestimentaires et de produits cosmétiques. Elle s'approvisionne à Dakar, la capitale du Sénégal pour revendre à crédit dans son quartier. Les recouvrements elle les fait périodiquement à la fin de chaque mois. Son objectif est de soutenir son mari dans la prise en charge familiale par la nourriture et la scolarité des enfants.

Bien vrai que le groupe n'a que 6 mois d'existence dans le système de l'institution de micro finance CAURIE-MF, mais ses membres menaient des activités de petit depuis plus de 5 ans. Ce qui leur a doté d'une bonne expérience en matière commerciale et à fait que leur premier remboursement a été effectué sans faille, et leur niveau d'épargne assez bon.

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

  • $1,759
    Average annual income
  • 17
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 534.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bokk Jom-Medina Sorar Group's $1,425 loan helped a member strengthen the group's self-financing capacity.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 28, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 8, 2011