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Fonk Sa Liguey Group
In this Group: Sokhna, Yacine, Oumou, Marietou, Awa, Ndoumbe, Yacine, Balkhisse, Fatou Kebe, Cobeye, Khady*
* not pictured
The Fonk Sa Liguey solidarity group was formed on December 4, 2007. It is composed of 11 women who live in the same neighborhood. They are friends and neighbors who decided to organise a group together.

Mrs. Yacine F., standing on the far right in the photo wearing a purple scarf, is the group’s leader. She is 53 years old. She is married and the mother of three children, with two other children in her care.

She sells fabrics. She stocks up in Gambia. She sells on credit, and her customer base is composed mainly of wholesalers. In addition to this business activity, she also raises broiler chickens, a brood of 100 at a time. Her loan will permit her to purchase more fabrics as well as chicks and chicken feed. Her goal is to maintain a consistent level of savings whlie making a financial contribution to the family budget.
View original language description ↓
Le groupe de solidarité FONK SA LIGUEY est créé le 04 décembre 2007. Il est composé de 11 femmes qui sont toutes issues du même quartier. Ces femmes se sont organisées par affinité et par voisinage.

Madame YACINE F., debout à l’extrême droite de la photo, en écharpe mauve, est responsable du groupe. Elle est âgée de 53 ans. Elle est mariée et mère de trois enfants et tutrice de deux autres enfants.

Elle fait un commerce de tissus. Elle s'approvisionne en Gambie. Elle vend à crédit et sa clientèle qui est composée essentiellement de grossistes du marché. En plus de cette activité elle fait de l'élevage de poulets de chaire par lot de 100 sujets

Son crédit lui permettra d’acheter des tissus et des poussins et de l’aliment de volaille pour l’élevage.
Son objectif est de constituer une épargne consistante. Participer financièrement à la prise en charge familiale.

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
  • 31
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 514.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fonk Sa Liguey Group's $4,075 loan helped a member purchasing fabrics (retail) and chicks (poultry farming).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 20, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011