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Magno Dioulacolon Group
In this Group: Binta, Halimatou, Agna, Adama, Amsata, Goundo, Aminata Diola, Halimatou, Coumba, Tacko, Souna, Dieynabou, Hawa, Maimouna, Penda, Mariama, Tala, Oumou, Aminata Niamo, Adama, Moussou, Mariama Bobo, Assette, Magno Demba, Adama, Fatoumata , Habibatou
The Magno Banc Villageois was established on December 14, 2010, on the occasion of the launch of the stated banc villageois [lending group]. It consists of 27 women who live in the same village. The women share an absolute solidarity, all of them taking part in small businesses.

Mrs. Diènabou (standing at the far right with her right hand raised) is the starring borrower. At 46 years old, she is married and the mother of five children, three of whom are girls. She sells ice, hibiscus juice, and pain de singe- [baobab fruit] based ice cream. She purchases these goods in the surrounding villages or during markets before modifying them for resale.

She buys these goods in waves, as follows: hibiscus flowers for 6,000 CFA francs per sack, a sack of sugar for 30,000 CFA francs, and a 50kg sack of pain de singe [baobab fruit] for 5,000 CFA francs.

In addition to helping her husband in the payment of the electricity bill, the profits that Mrs Diènabou recieves from her business will allow her to better help her children with their education.
View original language description ↓
Le Banc Villageois Magno a été créé le 14 Décembre 2010 lors l’inauguration du dit banc villageois. Il compte 27 femmes qui habitent toutes le même village. Il existe une parfaite solidarité entre les femmes qui pratiquent toutes le petit commerce.

Madame Diènabou (debout à l’extrême droit avec la main droite levée) est l’emprunteuse vedette. Agée de 46 ans, elle est mariée et mère de cinq enfants dont trois filles. Elle est vendeuse de glace, de jus de bissap, de crème glacée à base de pin de singe. Ces produits elle les achète dans les villages environnants ou lors des «loumas» avant la transformation pour la revente.

Elle se procure ces produits en vague comme suit : bissap à 6 000 FCFA le sac, un sac de sucre à 30 000 FCFA et un sac de 50 kilogramme de pin de singe à 5 000 FCFA.

En plus d’aider son mari dans le paiement de facture d’électricité, les bénéfices qu’elle tire de ces activités lui permettent de mieux aider ses enfants dans leur scolarité.

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
  • 48
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 536.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Magno Dioulacolon Group's $4,875 loan helped a member to purchase hibiscus flowers for 6,000 CFA francs per sack, one sack of sugar for 30,000 CFA francs, and one 50kg sack of pain de singe [baobab fruit] for 5,000 CFA francs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013