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Sop Serigne Babacar Sy Group
In this Group: Astou, Marietou*, Astou*, Awa, Adama*, Khady, Binta, Ndeye Fatou, Maimouna, Sagar, Aby, Fatou, Astou, Ndeye, Khady, Kine, Adama, Fatou N°1, Rokhaya, Marieme, Oumi, Yama
* not pictured
The solidarity group Sop Serigne Babacar Sy was created nearly 5 years ago. It is made up of 22 women who all come from the same neighborhood. Their predominant business is the sale of seasonal fruits. The group is a member of the Village Bank of Kignabour 2. Madame Aby D., standing second to the right of the photo, in a white scarf and pictured in the inset, is the leader of the group. She is 60 years old. She is a widow and the mother of 6 children. She runs a small business selling fresh fish and vegetables. Her talent in this business has allowed her to run it successfully for more than 10 years. Her new loan will allow her to develop her small business in order to increase her financial revenues. The profits she makes will allow her to buy food for her children and grandchildren.
View original language description ↓
Le groupe de solidarité SOP SERIGNE BABACAR SY est créé depuis bientôt 05 ans. Il est composé de 22 femmes qui sont toutes issues du même quartier. Leur activité dominante est la vente de fruits de saison. Le groupe fait partie du Banc Villageois de KIGNABOUR2

Madame ABY D.,debout en seconde position à partir de la droite sur la photo, emmitouflée d'une écharpe blanche et mise en médaillon est responsable du groupe. Elle est âgée de 60. Elle est veuve et mère de 06 enfants.

Elle fait un petit commerce de poisson frais et de légumes. Elle maitrise bien cette activité pour l'avoir menée depuis plus de 10 ans.

Son nouveau prêt lui permettra de mieux développer son petit commerce afin d'accroitre ses revenus financiers.

Les bénéfices qu'elle réalise lui permettent d'acheter de la nourriture pour ses enfants et et petits enfants.

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
  • 53
    View loans »
    Senegal Loans Fundraising
  • $13,028,825
    Funds lent in using Kiva
  • 491.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sop Serigne Babacar Sy Group's $3,600 loan helped a member purchase of fish and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 13, 2011
Listed
Jan 17, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011