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Fatou's Group
In this Group: Fatou, Ndiaré , Anna , Rose Fatou, Germaine , Rose Yandé
The Banc Villageois to which this group of six persons belongs, was created on May 27, 1997. These six women live in the same neighborhood and are all involved in retail.

Fatou, the group's representative, is 47 years old. She is married and the mother of seven children: five boys (aged 27, 24, 21, 15 and 9) and two girls, aged 18 and 12. Fatou is raising her hand in the photo. Her main activity is retail: she buys her goods in the city and resells them at home, in her village.

She plans to use her loan to buy some ready-to-wear "boubous" for children, some shoes, wallets (for 250,000 francs), smoked and dried fish, as well as seafood (for 220,000 francs). She has been involved in this type of activity for 15 years and she manages very well.

She uses her profits to help her husband cover some of the household's expenses: she pays for food, and takes care of the children's school fees and health-related expenses.
View original language description ↓
le banc villageois qui abrite ce groupe de 6 personnes a été créé le 27 mai 1997. Ces 6 femmes qui habitent le même village et font toutes le commerce. Fatou la représentante est âgée de 47 ans, elle est marié et mère de 7 enfants dont 5 garçons de 27,24,21,15,9 ans et 2 filles de 18 et 12 ans.elle a levé sa main sur la photo.son activité principal est le commerce,elle achète en ville pour vendre chez elle au village.Avec son prêt elle compte acheter des boubous prêt a porter pour enfant des chaussures et des porte monnaies à 250.000 francs cfa, du poisson fumé et séché et des fruits de mer à 220.000 francs cfa. Elle mène cet activité depuis 15 ans et elle s'en sort très bien.
Avec ses bénéfices elle aide son marie dans les dépenses de la maison a savoir la scolarité des enfants la nourriture et la santé. elle respect aussi ses épargnes dans le banc villageois.

Additional Information

More information about this loan

This loan is going to a borrower or borrower group living in a rural area.

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.

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About Senegal

  • $2,300
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatou's Group's $5,925 loan helped a member to buy some ready-to-wear "boubous" for children, some shoes, wallets, smoked fish, dried fish as well as seafood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013