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Mame Ngone's Group
In this Group: Mame Ngone , Fatou, Daba, Rose Augustine
This group was created on October 22, 2007. It is composed of four women who are all from the same neighborhood and share healthy social and economic bonds.
The group leader, Mrs. Mame Ngoné, is 39, married, and has several children, including a boy and a girl who both go to school.
She is currently involved in cosmetics retail business. With this new loan, she will buy bags of hair weaves and other beauty products such as lotions and perfumes, which she will retail, both in her neighborhood and to some banc villageois members. The profits will enable her to feed her children and take care of their school fees, as well as to consolidate her savings with the banc villageois.
View original language description ↓
Ce groupe crée depuis le 22 octobre 2007 est composé de quatre femmes issues du même quartier unies par de bonnes relations économiques et sociales.
La responsable madam Mame Ngoné est une femme mariée âgée de 39 ans et mère de enfants dont un garçon et une fille tous deux scolarisés.
Actuellement elle s 'active dans le commerce d produits de beauté avec son nouveau crédit elle va acheter des paquets de greffages et produits de beauté composé de lait de toilettes et de parfums qu'elle va revendre au détail au niveau de son quartier et du banc villageois. Les bénéfices réalisés lui permettent de prendre en charge les besoins alimentaires et scolaires d ses enfants et de rnforcer ses epargnes au niveau du banc villageois.

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.

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About Senegal

  • $1,759
    Average annual income
  • 37
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 490.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Mame Ngone's Group's $3,600 loan helped a member to buy hair weaves and cosmetics in order to generate income.
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 24, 2014
Listed
Aug 16, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 15, 2014