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Mbathio's Group
In this Group: Mbathio, Sophie, Arame Mb, Codou, Aminata, Anta D, Nogoye, Coudy, Binta, Khary, Ndeye, Deguene, Ndeye, Awa, Ndack, Nogoye, Aminata, Ndeye Fatou, Khady, Ndeye Ndioufa, Ndieme, Nogoye, Rama, Nogoye, Fatou
This group has been in existence since the first loan cycle of the village bank. It is made up of women from the same town, most of whom work selling vegetables. The group's representative is called Codou. She is the lady on the left of the photo who is wearing a multi-colored kaftan and raising her hand.

Codou sells a variety of vegetables retail such as cabbages, turnips, onions and tomatoes. She will use her new loan for 75,000 francs to buy baskets or sacks of vegetables which she will then re-sell retail in her neighborhood. She uses the profits she makes from her business to cover her children's food, educational and health expenses.
View original language description ↓
ce groupe a été crée depuis le cycle premier du banc villageois il est composé de femmes issues d'une même localité s'activant en grande partie dans le petit commerce de légumes.
Son responsable s'appelle Codou elle est assise la main levée à gauche de la photo habillée d'un grand boubou multicolore.
Madame Codou fait du petit commerce par la vente de légumes divers composés de choux navets oignons tomate destinés a la revente.
Avec son nouveau crédit de 75000 francs cfa elle va acheter des paniers ou sacs de légumes qu'elle va revendre au détail au niveau de son quartier.
Les bénéfices réalisés par son activité lui permettent de prendre en charge les frais scolaires alimentaire et sanitaires de ses enfants.

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
  • 47
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 487.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mbathio's Group's $3,925 loan helped a member to buy vegetables.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Feb 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013