Tuesday, February 8, 2011

Our February KIVA Loan

Our KIVA loan this month goes to Deggo Book Ligguey, a group of nine women in Senegal who work together to improve their lives.

In this Group: Bobatora Diedhiou, Christine Assine, Rosalie Sagna, Rougui Diedhiou, Marie Boya Diedhiou, Méta Diatta, Héléne Diatta, Francisca Diatta, Solinda Silva.

The Deggo Book Ligguey solidarity group was created three years ago. It is composed of nine women. These women advocate harmony within their group, which allows them to feel very close and cooperative in their business activities. They have all invested in small stores, buy their products in one place and set the same price.

Mrs Marie Boya Diedhiou, standing right in the picture and raising her hand, chairs the group. She is 33 years old, married and the mother of four children. She sells palm oil, brooms and lemons. The Microfinance loans she was granted so far have enabled her to expand her business to Dakar, the capital of the country. Now she participates more in the education of her children. She also is able to contribute to general household expenses.

In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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