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Sope Serigne Mbacke Sokhna Lô Group
In this Group: Fatou, Ndeye, Rokhaya, Mame Saye, Amy, Thiabou, Ndock, Mame Saye, Dib Aliou, Nogaye
The solidarity group "SOPE SERIGNE MBACKE SOKHNA LÔ" has been created in 2007, the day of the inaugraton of the local Banc Villageois. It is composed of ten women, all of whom reside in the same village and know each other as friends. They are all more or less of the same generation and are on the average 40 years old; all are married and are the mothers of at least three children. Their main line of business is raising cattle, and some of them also sell local cereals, fresh fish and vegetables on the side. The leader of the solidarity group, Fatou N. pictured on the photo standing in the second row on the right, is 50 years old and the mother of eight dependent children. She mainly raises sheep, and has had plenty of experience with it even before taking out any loans from CAURIE-MF microfinance institutions. With this new credit she will be able to buy more sheep in order to expand her activity and increase her earnings, with the goal of better meeting her family’s needs, such as for example the school fees and healthcare costs of her children.
View original language description ↓
Le groupe de solidarité « SOPE SERIGNE MBACKE SOKHNA LÔ » est crée en 2007 au jour de l’inauguration du Banc Villageois qui abrite ledit Banc Villageois. Il est composé de 10 femmes qui sont toutes issues du même village et sont organisées par affinité. Elles sont pratiquement de la même génération, elles un ont une moyenne d’âge de 40 ans et sont toutes mariées et mères d’au moins de 03 enfants. Elles font en général de l’embouche bovine, mais certaines associent à cette activité le petit commerce de céréales locales, de poissons frais et de légumes.

La présidente du groupe de solidarité, Fatou N. en second rang, debout et à droite sur la photo, est âgée de 50 ans elle est mariée et mère de 08 enfants en charges. Elle fait essentiellement de l’embouche ovine, elle en a une bonne expérience car avant même qu’elle ne soit bénéficiaire des prêts de l’institution CAURIE-MF elle pratiquait cette activité. Avec son nouveau crédit elle pourra acheter plus de moutons pour faire l’accroissement de son activité afin de se procurer plus de bénéfices pour pouvoir faire face aux besoins familiaux, par exemple assurer le payement de la scolarité de ses enfants et leur couverture sanitaire.

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
  • 46
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 537.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Serigne Mbacke Sokhna Lô Group's $2,300 loan helped a member bolstering the investment capital of the solidarity group.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 31, 2010
Listed
Jun 15, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 31, 2010