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Deggo Group
In this Group: Fatou, Dado, Ndeye Binta, Fatou, Bousso, Seynabou, Maïmouna
The solidarity group DEGGO (in Senegal’s national language) signifies harmony between members in French. It was created after the inauguration of the WANGO Banc Villageois where it is based. It consists of 7 women who live in the same neighborhood and are merchants at the neighborhood market.
Mrs. Seynabou M., seated at the extreme left in the photo raising her right hand, is the leader of the group. She is 50 years old, married and the mother of 7 children. She has been in business since joining the Banc Villageois. With financing of 100,000 CFA, she is going to buy wax and basin (damask) fabric that she will sell in her neighborhood and at the market for cash or on credit. Her goal is to provide for her family’s needs, such as her children’s school fees and contributions to daily expenses.
View original language description ↓
Le groupe de solidarité DEGGO (en langue national sénégalaise) signifie entente entre les membre en français. Il est crée depuis l'inauguration du Banc Villageois de WANGO qui l'abrite. Il regroupe 07 femmes qui habitent le même quartier et toutes vendeuses au marché du quartier.

Madame Seynabou M., assise à l'extrême gauche sur la photo, élevant la main droite, est responsable du groupe. Elle est âgée d'une cinquantaine d'année. Elle est mariée et mère de 07 enfants.

Elle fait du commerce depuis son entrée dans le Banc Villageois.

Avec son financement de 100.000 francs cfa elle va acheter des tissus en wax et basin qu'elle va revendre à crédit et/ou au comptant dans son quartier et au marché.

Son objectif est de subvenir aux besoins familiaux, tels que les frais de scolarité de ses enfants et une participation à la dépense quotidienne.

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
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 501.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Deggo Group's $1,600 loan helped a member to buy wax and damask fabrics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 28, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011