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Sope Serigne Babacar Group
In this Group: Ndeye, Mbamousse , Coumba Seydou, Thiane, Anta Ngone, Ndeye Amy, Khoudia, Asta, Sokhna, Khoudia, Marieme, Fatou, Aminata, Coumba, Maguette
The Sope Serigne Babacar solidarity group was created on December 5, 2007. It is composed of 15 women all living in the same neighborhood. They are friends and neighbors who decided to form a group together. The group belongs to the Banc Villageois of Ndiaboot.

Mrs. Mbamousse K., standing on the right in the photo, with her arms crossed and holding her bank book, is the group’s leader. She is 44 years old. She is married and the mother of six dependent children.

She sells peanuts and watermelons. She has been doing this for about 5 years. Her new loan will allow her to bolster her level of merchandise stock in order to increase her profit margin. Her goal is to grow her savings and to contribute to the family budget.
View original language description ↓
Le groupe de solidarité SOPE SERIGNE BABACAR est né le 05 décembre 2007. Il est composé de 15 femmes toutes issues du même quartier. Elles ont formé leur groupe par affinité et par voisinage. Le groupe fait partie du Banc Villageois de NDIABOOT.

Madame MBAMOUSSE K., debout à droite de la photo, les bras croisés et tenant son livret d'épargne et de crédit entre les mains, est responsable du groupe de solidarité. Elle est âgée de 44 ans. Elle est mariée et mère de 6 enfants en charge.

Elle fait du commerce d'arachide et de pastèque. Elle mène cette activité depuis environs 05 ans.

Son nouveau crédit lui permettra de renforcer son niveau d'approvisionnement en marchandises ci-dessus afin d'augmenter sa marge bénéficiaire.

Son objectif est de renforcer son épargne et participer à la prise en charge de la famille.

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
  • 20
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 512.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Serigne Babacar Group's $3,075 loan helped a member purchasing peanuts and watermelons.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 3, 2010
Listed
Sep 3, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011