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Sope Mohamed Group
In this Group: Mbene, Oumy , Siga , Woly , Amy, Fatou Thioro, Laba, Dethie , Marietou, Thioup, Hane, Salimata, Fatou Thiaw
The SOPE MOHAMED group came into being six months ago and is composed of 13 women who all come from the same village and are between the ages of 30 and 60. They are mothers of at least two children each. The village is home to a big weekly market which is regionally known, and this allows them to sell their products easily.

This circumstance permits commercial activities in the village to be permanent and contributes to the expansion of the economy of the village and that of the surrounding area. The new solidarity group loan will allow its members to bolster their economic initiatives and diversify their businesses. Their businesses mostly involve selling local cereals, seafood, peanuts, and ice cream, in the case of those who have refrigerators.

The president of the group, Madame Mbène S., on the far right in the photo wearing a white and beige-striped dress, is 50, married, and the mother of four children, including one daughter of 14. She has been selling foodstuffs on the top of a table at the village marketplace for more than 20 years and on weekly market days (Mondays) she buys her inventory for the following week there. Her new loan will permit her to increase her working capital. With the profit she makes, she helps her husband support their family in terms of food and healthcare expenses.
View original language description ↓
Le groupe SOPE MOHAMED est créé il y a de cela 6 mois, il est composé de 13 femmes issues toutes du même village et âgées entre la trentaine et la soixantaine d'années. Elles sont mères d'au moins de 2 enfants. Le village héberge un grand marché hebdomadaire d'un renommé régional, ce qui favorise une bonne commercialisation de leurs produits. Cette circonstance a fait que l'activité commerciale est permanente dans le village et contribue à l'accroissement de l'économie dans le village et ses environs. Le nouveau crédit du groupe de solidarité lui permettra de renforcer ses initiatives économiques et de diversifier ses activités commerciales. Leurs activités tournent au tour de la vente de céréales locales, de produits halieutiques, d’arachide et de crème glacée pour les détentrices de réfrigérateur.

La présidente du groupe, Madame Mbène S., à l’extrême droit de la photo en tenue blanche raillée de trais croisés en marron, est âgée de 50 ans, elle est mariée et mère de 04 enfants dont une fille de 14 enfants. Elle fait du petit commerce depuis plus de 20 ans, elle vend divers produits culinaires sur table au marché du village et au jour de marché hebdomadaire, les lundis, elle en profite pour s’approvisionner en marchandises pour la semaine suivante. Son nouveau crédit lui permettra à renforcer sa capacité d’autofinancement. Avec les bénéfices réalisés elle soutien son mari dans la prise en charge de la famille par la nourriture et la santé.

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
  • 11
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 535.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Mohamed Group's $2,800 loan helped a member bolster her working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 31, 2010
Listed
Jun 4, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010