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Cofel Group
In this Group: Geneviéve, Joséphine Maty, Agnés , Thérése, Gérmaine, Virginie, Pauline Ngoné, Marie Noélle, Elisabeth R, Berthe, Edmée , Elisabeth, Séynabou, Pauline
This group bears the name COFEL which means Love of the next one, and has been in existence since the creation of the BV (banc villageois). It currently comprises 10 women who all live in the same village and share positive social values. Joséphine Maty (standing on the left of the photo with her hand raised) is the group leader. She is a married woman, 46 years old and the mother of 7 children. She has been a member of the BV since the beginning and she has developed a good relationship with her friends within the Banc Villageois. Joséphine is a retailer, active in the trading of salt, groundnuts and pigs. She has sound experience in this area, having worked in it for a long time. This latest loan of 50,000 CFA will allow her to purchase some salt, some stock cubes and also a pig for resale at the little marketplace in her village. With her profits she will buy school equipment for the children, and put some savings into her account with the Banc Villageois.
View original language description ↓
Ce groupe porte le nom de COFEL qui signifie Amour du prochain a été créé depuis le premier cycle du BV .Il regroupe actuellement 10 femmes qui habitent toutes le même village et partageant de bonnes valeurs sociales.

Madame Joséphine Maty (debout à gauche sur la photo et levant la main) est responsable de ce groupe. Elle est une femme mariée âgée de 46 ans et mère de 7 enfants. Elle est membre du BV depuis le premier cycle et elle développe de bonnes relations avec ses camarades de Banc Villageois.

Joséphine s'active dans le commerce de détails par la vente de sel, d'arachides et de porcs. Elle a une bonne expérience dans son domaine d'activité pour l'avoir pratiquée depuis longtemps.

Son nouveau crédit de 50.000 CFA lui permettra de payer du sel des bouillons cubes et un porc destiné à la revente au niveau du petit marché de son village.

Avec ses bénéfices elle va payer des fournitures scolaires à ses enfants et épargner dans son compte au niveau du Banc Villageois.

Additional Information

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.

About Senegal

  • $2,300
    Average annual income
  • 89
    View loans »
    Senegal Loans Fundraising
  • $13,826,900
    Funds lent in using Kiva
  • 501.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Cofel Group's $3,175 loan helped a member to purchase groundnuts, salt, stock cubes and a pig which will be reared and resold at a later date.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 2, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012