A loan of $3,750 helped a member to buy vegetables and ground nuts.

Ndeye Sophie's Group's story

This group of six women belongs to the “banc villageois” (financing group) which was created on February 7, 2002. This group gathers women who for the most part live in the same village. They have good relationships and their main business is retail.

Ngoné, who is standing to the right in the picture with her hand raised, is 41 years old. She is married and a mother of four, including two daughters; the youngest is five. With the loan, she will retail vegetables, ground nuts, and oil. She is planning on purchasing ten hundred-kilo bags of ground nuts at 20,000 XOF each to resell it for 27,500 XOF, either processed into oil or resold as seeds.

With the profit she will increase her savings, pay interests, and improve her family’s conditions of living by helping her children with school and clothing expenses.

In this group: Ndeye Sophie, Ngone, Fama*, Mareme, Maguette, Aissatou
*not pictured

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Translated from French by Kiva volunteer Charlotte Buecheler

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