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Maguette's Group
In this Group: Maguette, Ndoumbé, Bigué Aly , Khady , Ndeye Ndiaye
This group is composed of five women who live in the same village. They all work in commerce and have good social cohesion. Maguette is the group's representative, with her hand raised in the photo. She is a widow and the mother of four children, all boys, of whom the oldest is 35 years old, and the youngest is 20. Maguette does commerce in grains and oil. With her loan, she intends to purchase 15 sacks of millet at 187,500 francs, 4 sacks of beans at 100,00 francs, and a barrel of oil at 112,500 francs. She has good experience in this domain, and her customers are very loyal to her since they get along well. Her profits enable her to pay the family's monthly food expenses.
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Ce groupe est composé de 5 femmes qui habitent le même village,elles font toutes du commerce et ont une bonne cohésion sociale. Maguette est la représentante du groupe et a levé sa main sur la photo. Elle est veuve et mère de 04 enfants tous des garçons. son ainé a 35 ans et son cadet 20 ans.Elle fait du commerce de céréale et d'huile, et avec son prêt elle compte acheter 15 sac de mil à 187500f, 4 sacs de haricot à 100000f, 1 baril d'huile à 112500f;Elle a une bonne expérience dans ce domaine et ses clients lui son très fidèle a cause de leur bonne entente . Ses bénéfices lui permette de payer mensuellement les dépenses alimentaires de le famille.

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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 20
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 493.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Maguette's Group's $4,275 loan helped a member to purchase millet, beans, and oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014