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Fatoumata's Group
In this Group: Fatoumata, Besse, Adama
This group is composed of three members who live in the same town. Their main work involves small-scale commerce.

This borrower is the one in the photo with her arm raised. She is the group's official. She is married, 54 years old, and a mother of five children.

Her business involves producing drinks made from hibiscus flowers or from 'monkey bread' (the fruit of the baobab tree). She also buys and sells quality Wax and Khartoum fabrics.

She intends to purchase a bag of sugar, a tub of dried hibiscus flowers at 2,500 francs, a sack of 'monkey bread' at 10,000 francs, 10 reams of Wax cloth, and 5 reams of Khartoum cloth.

Her goal is to increase her savings and cover her children's schooling costs.
View original language description ↓
Ce groupe composé de trois membres qui habitent la même localité,elles ont pour activité le petit commerce.

Celle qui léve son bras sur la photo,est la responsable du groupe,elle est mariée,âgée de 54 ans mére de 05 enfants.

Son activité est la production de jus de bissap et de pain de singe,en plus elle achéte et revend les tissus de qualité wax et Khartoum.

Elle compte acheter un sac de sucre,une bassine de bissap à 2500f ,un sac de pain de singe pour une valeur de 10000f,dix rames de tissus wax et 05 rames de tissu Khartoum.

Son objectif est d'augmenter son épargne et supporter les frais scolaires 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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 37
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 492.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatoumata's Group's $2,450 loan helped a member to purchase sugar, hibiscus flowers, 'monkey bread', and fabrics to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014