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Serigne Cheikh Mbacke Group
In this Group: Amy, Ngotty, Fatou Mbaye, Saye, Mareme, Awa, Lobe, Mbene, Anta Diarra, Meissa , Ngone, Soda, Fatim, Coumba, Anta
The solidarity group Serigne Cheikh was created on 12/24/2010. It is made up of 15 women who all come from the same village and work in retail. The facilitator of the group, Amy, standing on the right in the photo and raising her hand, is 58 years old. She is married and has one child. With her loan she will buy some millet and groundnut. The profits will allow her to improve her family's living conditions and to contribute to everyday expenses.
View original language description ↓
Le groupe de solidarité Serigne Cheikh a été crée le 24-12-2010. Il est composé de 15 femmes toutes issues du même village et exerçant la activité qui est le commerce.
La responsable Amy, debout à droite de la photo et levant la main est âgée de 58 ans. Elle est mariée et mère de 01 enfant.
Avec son prêt reçu elle va acheter du mil et de l'arachide.
Les bénéfices générés lui permettront d'améliorer les conditions de vie de sa famille et assurer 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
  • 41
    View loans »
    Senegal Loans Fundraising
  • $13,487,775
    Funds lent in using Kiva
  • 495.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Serigne Cheikh Mbacke Group's $2,150 loan helped a member to buy millet and groundnut.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 3, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012