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Fatoumata's Group
In this Group: Fatoumata, Binta, Coumba, Oumy, Mame Marie, Khady
This group exists since July 2007 and is made up of members of the same neighbourhood who all work in commerce

The person who has her hand raised in the photograph is the leader of the group. She is a 42 year old widow with four children, two of which are girls.

Her business is clothing, she has been in this activity for some years which is why her customers are faithful to her.

With her loan she plans to buy fabrics worth 136500f and 200000f to cover the education costs for her son, who is a student.

She also plans to pay for her family's needs, her children's school fees, their food and their medical costs.
Ce groupe existe depuis juillet 2007.,il est composé de membres issus du même quartier,elles ont comme activité le commerce.

Celle qui léve son bras sur la photo,est la responsable du groupe,elle est âgée de 42 ans,elle est veuve et mére de 04 enfants dont 02 filles.

Son activité est le commerce de vêtements,elle fait ce type de vente depuis des années ce qui fait qu'elle dispose d'une clientéle qui lui est fidéle.

Avec son prêt,elle compte acheter des tissus pour une valeur de 136500f et 200000f pour couvrir les frais scolaires de son fils étudiant.

Elle compte assurer les besoins de sa famille,la scolarité des enfants,leur nourriture et leur frais médicaux.

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

  • $2,300
    Average annual income
  • 48
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 492.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatoumata's Group's $4,225 loan helped a member to buy clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014