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Coumba's Group
In this Group: Coumba, Mareme, Fary, Yacine, Daba, Khady
This group was set up on 13th December 2008 and the majority of its members live together, with trading as their main activity. Coumba, who is 51 years old and standing on the right of the photo, is married and mother to five children: two boys and three girls. With her loan she can carry out her business of selling "pagnes" (pieces of colourful fabric). She buys the "pagnes" that she resells in large towns where products flow easily and with large profits. She has been carrying out this business for years. Aside from this, she fattens sheep and goats as a concurrent business. With the profits she generates, she plans to pay for her children's schooling and help her husband with the household expenses, but above all increase her savings so that she can increase her loan.
View original language description ↓
Ce groupe a été créé le 13 décembre 2008. C'est un groupe dont la plupart des membres habite ensemble et ont pour activité principale le commerce.
Coumba, âgée de 51 ans, debout à droite de la photo, est mariée et mère de 05 enfants dont 02 garçons et 03 femmes. Avec son prêt, elle exerce le commerce de pagnes. Elle achète des pagnes qu'elle va revendre dans les grandes villes où les produits s'écoulent facilement et avec de gros bénéfices. Elle exerce cette activité depuis des années. Hormis cela, elle fait de l'embouche ovine et caprine comme activité parallèle.
Avec les bénéfices générés, elle compte payer la scolarité de ses enfants, et épauler son mari dans les charges familiales et surtout augmenter son épargne pour faire accroître son prêt.

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
  • 38
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Coumba's Group's $3,925 loan helped a member to buy "pagnes".
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 24, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 30, 2012