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Fatou's Group
In this Group: Fatou, Ndeye Aminata , Fatoumata, Maguette
This group was created on 14/05/2010 and consists of women from the same neighborhood. Their businesses are: breeding, retail, hairdressing and sewing. Fatou, the featured borrower, is the leader of the group. She is 56 years old, married and mother to 8 children of whom 5 are girls with 2 other grandchildren (one girl and one boy). She breeds poultry and sells dishes and braids. She gets her supplies in Dakar and Rosso and resells in her neighborhood. She has a clientele and generally sells her merchandise for credit. She plans to buy 90,000 F of chicks 150 at 600 F each, 12 bags of food at 15,500 F, vaccinations at 5,000 F. The rest of the money she is going to increase to 150,000 F to buy a dishwasher in Rosso. With her profits she plans to save in the "banc villageois", support her husband in the management of the family and manage her personal affairs.
View original language description ↓
Le groupe a été crée le 14/05/2010 et est composé de femmes issues du même quartier. Leurs activités sont: l’élevage le commerce, la coiffure et la couture. Fatou l'emprunteur vedette est la responsable du groupe. Elle est âgée de 56 ans, mariée et mère de 08 enfants dont 05 filles avec 02 autres petits fils (une fille et un garçon. Elle fait de l'élevage de la volaille et le commerce de vaisselle, de natte. Elle s'approvisionne a Dakar et à Rossa et revend dans son quartier. Elle a de la clientèle et donne en générale sa marchandise à crédit. elle compte acheter 90000F de poussins 150 à 600f l'unité de l'aliment, 12 sacs a 15500F, vaccin 5000F. Le reste de l'argent elle va augmenter 150000 pour acheter la vaisselle à Rosso. Avec ses bénéfices elle compte épargner dans le Banc Villageois, appuyer son mari dans la gestion de la famille et gérer ses affaires personnelles

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

  • $2,300
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 491.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatou's Group's $2,675 loan helped a member to buy chicks, bags of food, and vaccinations.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 25, 2013
Listed
Sep 4, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014