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Madina Marmiyal Darou S.l Group
In this Group: Mame Yacine, Farmata, Awa, Anta, Oumou Khaïry, Aminta, Yacine*, Dianké, Khady, Fatou, Fatou Khary, Racky, Fatou, Ndéye Ndiatté, Oulimata, Fatou, Aïcha, Coura*, Ndéye Rama, Sophie, Daro, Fatou, Marième, Salimata, Rokhaya, Zakia, Khady, Ndéye Anta, Maïmouna*, Aïda, Brigitte
* not pictured
The "Madina Marmiyal" Banc Villageois was created on July 9 2011, that day being its inauguration day. This PC 01 group consists of 31 women who come from the same neighborhood.

Farmata, the featured borrower, is 26 years old. She is married, without any children. She is actively involved in business and owns a sewing supplies shop where she also sells cosmetics. She is sitting on the right-hand side, on a bench. She is dressed in blue and is raising her left hand.

She buys her supplies (perfumes, shampoo, lotions, threads, buttons, ribbons, poplin, etc) in the capital city, Dakar and then stocks up and resells her products in her shop in Saint Louis.

Her loan will be used to buy a large quantity of cosmetic products and sewing supplies in order to boost her shop's inventory and to be ready for the religious holidays, a time of year during which she will be able to make large profits.

With her expected profits, she wishes to save some money. Those savings will allow her to become financially independent and to travel, for business purposes.
View original language description ↓
Le Banc Villageois Madina Marmiyal est créé le 9 juillet 2011 date de son inauguration; le groupe PC 01 est constitué de 31 femmes qui sont issues du même quartier.

Madame Farmata l'emprunteur vedette est âgée de 26 ans, elle est mariée et n'a pas d'enfant. Elle s'active dans le commerce, elle posséde une mercerie où elle vend également des produits cosmétiques. Elle est assisse à droite sur le banc, habillée en bleu et a levé la main gauche.

Elle se ravitaille à la capitale, Dakar, en parfums, shampooing, crème, fils, boutons, biais, popeline, etc et charge sa boutique à Saint Louis pour la revente.

Son prêt lui servira d'acheter une bonne quantité de produits cosmétiques et d’accessoires de mercerie pour renforcer sa boutique et aussi pour mieux préparer les fêtes religieuses période à laquelle elle pourra se faire beaucoup de revenus.


Avec les bénéfices attendus elle souhaite épargner afin d'atteindre une autonomie financière et pouvoir voyager pour son commerce.

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
  • 41
    View loans »
    Senegal Loans Fundraising
  • $13,515,625
    Funds lent in using Kiva
  • 533.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Madina Marmiyal Darou S.l Group's $4,700 loan helped a member to buy sewing supplies and cosmetic products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 23, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2013