Total loan: $3,200

02_Kambeng Group

Flag of Senegal
, , Senegal / Retail

02_Kambeng Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy cosmetic projects and make money transfers.

02_Kambeng Group's story

This group was formed in 2006 and is comprised of supportive women who are primarily engaged in business. They maintain good relations and are among the first beneficiaries of the project.

SAFIATOU (alone in the photo on account of Covid-19 restrictions) is the group's representative. She is 53 years old, married, and the mother of 5 children, including 2 girls. She has been involved in business for a number o years and has a good deal of experience in this sector. She operates a boutique in her neighborhood where she sells cosmetic products. In addition, she also does money transfers.

With this loan she plans to buy cosmetic products (perfume, body lotion, hair extensions) at wholesale and then resell them in her shop at retail with a generous profit margin. The rest of the loan will be used for her money transfer business, which she carries on simultaneously. The profits she earns will be reinvested in the business in order to meet customer demand and to develop her business.