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Fatou's Group
In this Group: Fatou, Penda, Maimouna, Seynabou, Fatou, Aissatou, Fatou, Anta, Awa, Khady, Sene, Rocky, Mbolo, Khady, Diougal, Fatou, Fatou, Fantou Kansy, Maguette, Fatou Oumar, Mariama Madou, Fatou Sadio, Fatou Lansana, Khady Aly, Seynabou Amadou, Aissatou, Djombou, Fatou, Coumba, Fatou
Created on September 18, 2013, during the inauguration of the public square of the village, this Banc Villageois is made up of women who are determined to undertake income-generating activities and strengthen their financial standing. They have been living in the same village for several decades and maintain relations of solidarity and mutual aid. They run small businesses as merchants.
 
Fatou, aged 46 (shown in the photo sitting second from the right), is the featured borrower of the group. She is married and is the mother of two girls and one boy. She is planning to invest her loan into her business selling fresh vegetables that she will buy from the producers in the local villages. She will then sell her wares at the weekly markets and at the community market. She intends to renew her stock every 15 days .

With her new loan, she wants to buy a bag of onions for 15,000 Francs CFA, sugar for 20,000 Francs CFA, a carton of green tea for 7,500 Francs CFA, and 5 liters of palm oil. She will use the income she earns to contribute to her savings, and to help her husband with the household expenses by paying her children's school fees.
View original language description ↓
Créer ce 18 septembre 2013 à l’occasion de son inauguration dans la place publique du village, ce banc villageois compte en son sein des femmes déterminées à entreprendre des activités génératrices de revenu et de renforcer leur capacité de financement. Elles vivent dans un même village depuis plusieurs décennies et entretiennent des relations de solidarité et d’entre aide. Elles s’activent dans le petit commerce.

Madame Fatou, âgée de 46 ans (assise à la deuxième position de la droite vers la gauche), est l’emprunteuse vedette du groupe. Elle est mariée et mère 02 filles et un garçon. Elle est prévoit de s’investir dans la vente de légumes frais qu’elle achètera auprès des producteurs des villages pour la revente dans les marchés hebdomadaires et au marché communal. Elle compte renouveler son stock tous les 15 jours.

Avec son nouveau prêt, elle désire acheter un sac d’ognons à 15 000 F CFA, du sucre pour 20 000 F CFA, un carton de thé vert à 7 500 F CFA et 5 litre d’huile de palme.

Les bénéfices lui serviront à épargner et d’aider son mari dans les charges de la maison en prenant en partie les frais 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

  • $1,759
    Average annual income
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 482.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatou's Group's $3,075 loan helped a member to buy a bag of onions for 15,000 Francs CFA, sugar for 20,000 Francs CFA, a carton of green tea for 7,500 Francs CFA, and 5 liters of palm oil.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 18, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014