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Bineta's Group
In this Group: Bineta, Fatou , Fatou, Aminata , Ya, Dibor
This group is composed of six women who live in the same village. They all work in commerce. They are on their tenth loan. Bineta is the group's representative. She is 43 years old, married, and the mother of three girls (16, 12, and 9 years old) and five boys (21, 18, 15, 11, and 4 years old). She does commerce in shellfish. She waits at the wharf for the boats to arrive back from fishing, and she purchases their entire load. Later, she sells some of the goods dried and some of them fresh. With her loan, she intends to purchase 5 boats of 100 kg of shellfish at 100,000 francs each. The profits generated enable her to provide for her children in terms of food, healthcare, and schooling.
View original language description ↓
Ce groupe est composé de 6 femmes qui habitent le même village et font toutes le commerce. Il est a son 10éme prêt. Bineta est la représentante du groupe,elle est âgé de 43 ans ,mariée et mère de 3 filles de (16,12,9 ans) et 5 garçons de (21,18,15,11,et 4 ans). Elle fait du commerce de Crustacés. elle attend sur le quai l'arrivé des pirogues qui revient de pèche et achète tout leur arrivage et après elle vend en séchant une partie et l'autre au frais.Avec son prêt elle compte acheter 5 pirogues de 100kg de Crustacés a 100000f chacun .Les bénéfices réalisés lui permettent de prendre en charge les besoins alimentaires , sanitaires et scolaires de ses enfants.

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
  • 92
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bineta's Group's $5,175 loan helped a member to purchase shellfish to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 18, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014