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Tessito Gadamayo Group
In this Group: Diallo, Diarai
The group was formed in January 1998 at the inauguration of their banc villageois. It is made up of women from the same neighborhood and is characterized by solidarity. The women's primary business is small-scale sales.

The client seated at left in the photo, with her hand raised, is the group leader. She is 48 years old, married, and the mother of five children in her care. She sells dyed fabric called "thioub", which she buys in the area, and incense known as "thiouraye". She sells her products in an investment cycle no longer than two months. Very experienced in this area, she knows her business well after having run it for more than ten years. This new loan will allow her to buy a sufficient amount of fabric and incense to re-sell.

With the profit from her business, she plans to support her husband in paying for their children's education, and to put away a considerable sum for future investments.
Le groupe a été créé en janvier 1998 à l’inauguration de leur banc villageois. Il est composé de braves femmes qui sont issues du même quartier, ce groupe est caractérisé par sa solidarité. Elles ont comme activité principale le petit commerce.

Assise à gauche de la photo et la main levée madame est l’emprunteur vedette responsable du groupe. Elle âgée de 48 ans, est mariée et mère de cinq enfants qu’elle prend en charge.
Elle est vendeuse de tissus teintés communément appelés « THIOUB » qu’elle achète dans la sous région et d’encens plus connu sous l’appellation de « THIOURAYE ». Elle vend ses produits par placement qui n’excède pas de mois. Très rompue à la tâche, elle jouit d’une très bonne connaissance de cette activité pour l’avoir pratiqué depuis plus de 10 ans.
Ce nouveau prêt va lui permettra de s’approvisionner en quantité suffisante en tissus et encens pour la revente.

Avec les bénéfices qu’elle tirera de son activité, elle compte soutenir son mari dans la prise en charge de la scolarité des enfants et constituer une épargne considérable pour d’éventuels investissements

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

  • $1,759
    Average annual income
  • 34
    View loans »
    Senegal Loans Fundraising
  • $13,297,500
    Funds lent in using Kiva
  • 506.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tessito Gadamayo Group's $1,400 loan helped a member to buy fabric and incense to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2012
Listed
May 11, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012