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Satou's Group
In this Group: Satou, Mame, Isabelle, Malado
This group of four dynamic women forms part of a banc villageois that they created in July 2008. Their main business is small-scale commerce and farming. Satou (the woman seated in the photo) is the featured borrower of this group. She is a widow, aged 62, and is a mother to seven children, five boys and two girls. Her business consists of buying sheep that she fattens for resale for two or three months. She also sells honey and peanuts following the season.

With this loan, Satou expects to buy seven sheep at 40,000 francs CFA a piece, and resell them for 55,000 CFA or more after she fattens them up for two or three months. With the rest of the money, she is going to buy peanuts and honey to sell. The profits will serve to take care of her children's health and food needs.
View original language description ↓
Ce groupe de quatre au sein du banc villageois créer en juillet 2008, est composé de femmes très dynamiques et fondatrice du dit banc villageois. Elles ont comme activité principale le petit commerce et l’agriculture.

Madame Satou (assise la seule assise) est l’emprunteuse vedette du groupe. Elle est veuve, âgée de 62 ans et est mère de 07 enfants dont 05 garçons et 02 filles. Son activité consiste à l’achat de moutons qu’elle engraisse pour la revente deux ou trois mois après. Elle vend aussi du miel et de l’arachide suivant la saison.

Avec ce prêt , elle compte acheter 07 moutons à 40 000F Cfa l'unité pour les revendre à 55 000F Cfa ou plus après embouche de deux à trois mois. Et avec le reste l’argent, elle va acheter de l’arachide et du miel pour la revente.

Les bénéfices lui serviront de prendre bien soin de ses enfants sur le plan sanitaire et alimentaire.

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
  • 92
    View loans »
    Senegal Loans Fundraising
  • $13,894,400
    Funds lent in using Kiva
  • 531.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Satou's Group's $3,125 loan helped a member to buy sheep to resell after a few months of fattening.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 24, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2013