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Sope Serigne Fallou Group
In this Group: Mbène, Fatou, Ndiaté
Sope Serigne Fallou credit group is made up of three women who live together in the same village. They all work in commerce, and would like to renew their loan in order to buy merchandise to satisfy the demands of their customers.

Mbène is the head of the group, and is standing in the middle of the photo. She has more than eleven years' experience in her business of selling food and non-food products in the town. She will use her loan to buy peanuts, millet, brushes and incense for resale.

Mbène is married and helps her husband with the expenses of their family. She helps pay the school charges of their children, and saves some money to help them cope with unexpected expenses.

Mbène is very ambitious because she would like to become a large wholesaler at some stage in the future.
View original language description ↓
Sope Serigne Fallou est le nom donné à un groupe de crédit composé de trois femmes qui habitent ensemble dans le même village. S’activant dans le petit commerce, elles ont pensé renouveler leur crédit afin de chercher de la marchandise et satisfaire leur client.
La responsable du groupe, madame Mbène qui se trouve au milieu sur la photo, a une expérience de plus de 11 ans dans son domaine d’activité qui consiste à vendre des produits alimentaires et non alimentaires en ville. De l’arachide, du mil ainsi que des balaie, de l’encens sont les produits qu’elle va se procurer pour revendre. Elle est mariée et appuie son mari dans les charges familiales. Elle participe à la scolarisation de ses enfants et met de l’argent de coté pour prévoir des imprévus.
Elle est très ambitieuse car elle désire devenir une grande grossiste dans le temps.

Additional Information

More information about this loan

To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at  lower interest rates.

About UIMCEC

This loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.

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.

Tags

About Senegal

  • $2,300
    Average annual income
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,891,275
    Funds lent in using Kiva
  • 476.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Serigne Fallou Group's $1,050 loan helped a member to buy food products and non-food products for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 27, 2014