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Magatte's Group
In this Group: Magatte, Ndeye*, Maty, Ndeye*, Faty Balla, Arame, Aïda, Astou, Fatou*, Ndeye, Fatou, Fatou*, Fatou, Sokhna, Fama, Arame, Sokhna, Faty Modou, Coumba*, Gaye, Faty, Thiouna, Ndeye, Nassara, Khady, Ada, Oumou, Mareme, Awa, Fatou Bintou, Bade, Aminata, Coumba, Khary, Fatou Kine, Mbayang, Mariama
* not pictured
This group has been in existence since December 30, 2009. It is made up of 37 women from the same village. They get along well and all work mainly in business and animal fattening.
Madame Fatou, the lead borrower, is 36 years old. Divorced, she is the mother of 6 children (3 girls, 3 boys). As a business, she sells food products and also practices beef and mutton fattening. She has several years of experience. In the photo, she is standing up at the right, wearing a pink-brown-beige sari and raising her left hand.
She stocks up in rice, oil, and millet in Louga and resells in her village where she has a store next to her home.

With this loan, she images increasing her stock by buying 10 bags of rice and 10 bags of millet and hopes thus to make a lot of profit upon their sale.

With the profits anticipated, she wishes to diversify her business by investing in the fattening business..
Le groupe existe depuis le 30 décembre 2009, il est composé de 37 femmes issues du même village, elles sont en bonne entente et ont comme principales activités le commerce et l'embouche.
Madame Fatou l'emprunteur vedette est âgée de 36 ans, divorcée elle est mère de 6 enfants 3 filles, 3 garçons. Elle mène une activité de petit commerce de produits alimentaires et également de l'embouche ovine et bovine; elle a une bonne expérience de plusieurs années.Sur la photo elle est debout à droite vêtue en sari rose-marron-beige et a levé la main gauche.
Elle s'approvisionne en produits riz,huile,mil..... à Louga et revend dans son village où elle posséde une boutique à côté de chez elle.

Elle envisage avec son prêt augmenter la quantité en achetant 10 sacs de riz et 10 sacs de mil et espère ainsi se faire beaucoup de revenus à la vente.

Avec les bénéfices attendus, elle souhaite diversifier son activité en investissant dans l'embouche.

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
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,891,275
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Magatte's Group's $5,725 loan helped a member to buy rice and millet for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 12, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 25, 2013