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Rocky's Group
In this Group: Rocky, Awa, Djie, Mbayang, Aissatou Sadio, Nor, Maram, Kodou, Aissatou, Seynabou, Sene, Hatha, Sene, Khadidiatou, Seynabou, Fatou Aida, Adja Sokhna, Aida, Fatou Anta, Sadio, Khady, Binta, Farma, Awa, Fatim, Awa, Rocky Hamath, Fatou, Adja, Anta
Created on September 18, 2013 at its inauguration in the public square of the village, this "banc villageois" loan group comprises women determined to undertake income-generating activities and strengthen their financial capabilities. They have lived in the same village for decades and maintain relations of solidarity and mutual aid. They are active in running small businesses.

Mrs. Rocky (in the inset and sitting to the right), is the group's featured borrower. She is 44 years old, married and mother of four children including two girls and two boys.

Her business is to retail food products namely: rice, refined oil, green tea. She buys in one of the sub-region's weekly markets for subsequent retail sales.

With this new loan, she intends to buy two 50-kilo bags of rice at 12,500 CFA francs each, one 50-kilo bag of powdered sugar at 20,000 CFA francs and green tea for 5,000 CFA francs.

She will use the profits to assist her husband in managing the children's schooling.
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 Rocky (en médaillon vers le haut et à droite), l’emprunteuse vedette du groupe. Elle est âgée 44 ans, mariée et mère de 04 enfants dont 02 filles et 02 garçons. Son activité s’inscrit dans la vente de produits alimentaires à savoir : le riz, l’huile raffinée, le thé vert, …. Qu’elle achète dans un marché hebdomadaire de la sous région pour la revente par détail.

Avec ce nouveau crédit, elle compte acheter deux sacs de riz de 50 kilos à 12 500 F CFA l’unité, 01 sac de sucre en poudre de 50 kilos à 20 000 F CFA et du thé vert pour 5 000 F CFA.

Elle utilisera les bénéfices à soutenir son mari dans la gestion de la scolarité des 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
  • 34
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 481.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rocky's Group's $3,125 loan helped a member buy two 50-kilo bags of rice at 12,500 CFA francs each, one 50-kilo bag of powdered sugar at 20,000 CFA francs and green tea for 5,000 CFA francs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014