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Elisabeth M R's Group
In this Group: Elisabeth M R, Ndèye, Khady, Nanding, Awa, Fatou
This group was created during the first cycle of the Banc Villageois. It comprises women who sell fish and meat and who are united by strong social relationships.

Élisabeth is the group's representative. She is 47 years old, married, and the mother of two children (a boy and a girl) who both go to school.

With her new loan of 500,000 francs, she will spend 300,000 francs to purchase a new refrigerator, 50,000 francs to buy three pairs of scissors and 150,000 francs to buy meat that she will resell on a retail basis.

The profits from her activity allow Élisabeth to take care of the daily expenses of her family and to contribute to the construction of her husband's house.
View original language description ↓
Ce groupe a été crée depuis le cycle premier du banc villageois .
Il est composé de femmes vendeuses de poissons et viandes unies par de bonnes relations sociales.
Madame Élisabeth est la représentante. Elle est âgée de 47 ans. Elle est mariée et mère de 2 enfants dont un garçon et une fille tous scolarisés. Avec son nouveau crédit de 500000 francs elle va se payer un nouveau réfrigérateur à 300000 francs trois paires de ciseaux à 50000 francs et acheter de la viande 150000 pour le revendre au détail.
Les bénéfices de son activité lui permettent de prendre en charge les dépenses quotidiennes de sa famille et de participer à la construction de la villa de son mari.

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

  • $1,759
    Average annual income
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 505.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Elisabeth M R's Group's $5,200 loan helped a member to buy a refrigerator to conserve meat.
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 22, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Possible
Expired:
Aug 6, 2013