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Apr 19, 2016 11:01 AM ET

Archived: Senegal – Tenghory Transgambienne 2 Group: A portion of Tenghory Transgambienne 2 Group’s $4,100 loan helps a member to purchase fruit & vegetables.

iCrowdNewswire - Apr 19, 2016

Tenghory Transgambienne 2 Group

Senegal Food | Fruits & Vegetables
Tenghory Transgambienne 2 Group
In this Group: Aissatou, Fatou, Absa, Marie, Khadidiatou, Fatoumata B, Awa, Khady, Nguenar, Mariatou, Hawa, Diouma, Ma Diallo, Mame P, Safiyatou, Adama, Sona, Dienaba, Amy, Fanta
The ‘banc villageois’ that this group belongs to was inaugurated in April 2008. The group is composed of twenty women who run the same businesses. Ms. Hawa, at the right in the photo with a hand raised, is the group’s representative. She is married, 44 years old, and the mother of four children, including a boy. She has been active in selling fruit & vegetables for over five years. This loan will be used to bolster her business. The profits will be used to meet family needs.

Additional Information

More information about this loan

This loan is going to a borrower or borrower group living in a rural area.

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.

Contact Information:

Tenghory Transgambienne 2 Group

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