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Sope Serign Mbacké Sokhna Lo Group
In this Group: Maty, Nékhou, Fatou, Astou, Amy, Seynabou, Khady
The solidarity group Sope Serigan Mbacké Sokhna Lo has been in existence since the first cycle of the banc villageois. It is currently comprised of seven members who live in the same village and who engage in small trade as their primary activity.

Madame Astou (standing at the left in the photo) is responsible for the solidarity group. She is 63 years old, married, and the mother of 9 children. For several years she has been developing a small business trading grains. With her new loan, she will procure merchandise (peanuts and millet) which she will resell at the small market in her village.

With these profits she will be able to pay for her children's school supplies as well as for clothing for religious festivals.
View original language description ↓
Le groupe de solidarité Sope Serign Mbacké Sokhna Lo a été crée depuis le premier cycle du BV. Il regroupe actuellement 7 membres habitant le même village et s'activant dans le petit commerce comme activité principale

Madame Astou (debout à gauche de la photo) est responsable du groupe de solidarité. Elle âgée de 63 ans. Elle est mariée et mère de 09 enfants.

Elle développe une activité de petit commerce de céréales depuis plusieurs années

Avec son nouveau crédit elle va se procurer de la marchandise (arachide et mil) qu 'elle va revendre au niveau du petit marché de son village.

Avec ses bénéfices elle parvient à payer les fournitures scolaires pour ses enfants mais également des habits lors des fêtes religieuses.

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
  • 34
    View loans »
    Senegal Loans Fundraising
  • $13,297,500
    Funds lent in using Kiva
  • 493.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Serign Mbacké Sokhna Lo Group's $1,275 loan helped a member to purchase peanuts and millet.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 1, 2012
Listed
Mar 5, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012