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Sant Yalla Group
In this Group: Fatoumata, Awa, Thiara, Maguette, Sokhna Awa , Astou , Fatou, Aby, Astou, Ndeye, Diarra, Aly Alboury, Khady, Maty
The group SANT YALLA has just been created.  The members are here to join the Banc Villageois and have received their first loans, an initial loan of 50,000 francs CFA for each member.  The group is composed of fourteen women, all from the same village.  They formed their group by proximity and affinity.  They range from 25 to 50 years of age, and they are mothers of at least two children each.  The main work of the group is small-scale commerce in various goods, such as seafood products, clothing and accessories, cosmetics, foodstuff, and ice cream for those members having a refrigerator.  The new loan will enable the solidarity group to bolster its businesses and to diversify them by purchasing the goods mentioned above.

The group members, in addition to regular payments they make, take part in covering the various expenses of their respective families. And they also raise money to save at their Banc Villageois.

Ms. Fatou BEYE (who is standing at the right in the photo in the second row and wearing a black scarf on her head) is the head of the solidarity group.  She is 40 years old, married, and the mother of six children to support.  Three of the children attend school.  Fatou is developing a business. And with her new loan, she is going to buy and sell perfumes, cosmetics, incense, pagnes (colorful West African cloth), and bed sheets.  She has been in this business for three years and has not encountered any problems yet. 

Fatou's husband is on travel and comes to see the family only once a year. As a result of this situation, Fatou makes sure the bulk of family expenses are covered, for example: food, health care, and schooling for the children.  This does not keep her from making regular loan payments or from increasing her savings each time.
View original language description ↓
Le groupe SANT YALLA vient juste d’être créé, les membres viennent de faire leur adhésion dans le Banc Villageois et ont reçu leurs premiers prêts, un prêt initial de 50.000 francs CFA pour chacune des membres. Le groupe est composé de 14 femmes toutes issues du même village. Elles ont constitué leur groupe par proximité et par affinité, elles sont âgées entre 25 et 50 ans et sont au moins mères de 2 enfants. L’activité principale du groupe est le petit commerce de produits divers tels la vente de produits halieutiques, d’effets vestimentaires, de produits cosmétiques et alimentaires et de crème glacée pour les détentrices de réfrigérateur. Le nouveau crédit permettra au groupe de solidarité de renforcer ses activités économiques et de les diversifier en achetant les produits dénombrés plus haut. Les membres du groupe, en sus des remboursements réguliers qu’elles font, participent beaucoup aux différentes charges financières de leurs familles respectives et mobilisent également de l’épargne au niveau de leur Banc Villageois.

Madame Fatou BEYE, debout à droit de la photo en deuxième rang avec un foulard noir sur la tête est responsable du groupe de solidarité. Elle est âgée de 40 ans, elle est mariée et mère de 06 enfants en charge dont 03 qui fréquentent l’école. Elle développe une activité commerciale et avec son nouveau prêt elle va acheter et vendre des parfums, des produits cosmétiques, de l’encens, des pagnes et des draps de lit. Elle pratique cette activité depuis 03 ans et n’y a pas encore rencontré de problème. Son mari est en voyage et ne vient qu’une seule fois par an pour voir la famille, cette situation fait qu’elle assure une bonne partie de la prise en charge familiale. Par exemple : la nourriture, la santé et la scolarité des enfants. Et cela ne lui empêche pas de faire des remboursements réguliers et d’augmenter chaque fois son niveau d’épargne.

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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 534.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sant Yalla Group's $1,325 loan helped a member bolstering and developing the businesses of the solidarity group.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 28, 2010
Listed
Jun 23, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 30, 2010