A loan of $2,300 helped a member bolstering the investment capital of the solidarity group.

Sope Serigne Mbacke Sokhna Lô Group's story

The solidarity group "SOPE SERIGNE MBACKE SOKHNA LÔ" has been created in 2007, the day of the inaugraton of the local Banc Villageois. It is composed of ten women, all of whom reside in the same village and know each other as friends. They are all more or less of the same generation and are on the average 40 years old; all are married and are the mothers of at least three children. Their main line of business is raising cattle, and some of them also sell local cereals, fresh fish and vegetables on the side. The leader of the solidarity group, Fatou N. pictured on the photo standing in the second row on the right, is 50 years old and the mother of eight dependent children. She mainly raises sheep, and has had plenty of experience with it even before taking out any loans from CAURIE-MF microfinance institutions. With this new credit she will be able to buy more sheep in order to expand her activity and increase her earnings, with the goal of better meeting her family’s needs, such as for example the school fees and healthcare costs of her children.

In this group: Fatou, Ndeye, Rokhaya, Mame Saye, Amy, Thiabou, Ndock, Mame Saye, Dib Aliou, Nogaye

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Translated from French by Kiva volunteer Katharina S

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