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Fatou's Group
In this Group: Fatou, Fatou, Dieumbe, Mbene Ibrahima, Awa, Mareme, Saye, Marame, Amy, Die, Coumba, Khady, Fatou, Khady, Ngone, Nar, Fatou, Khady, Bineta, Daba
This group is composed of 20 dynamic and interdependent members, who are active in retail commerce and the fattening of livestock.

Fatou, standing to the right of the photo and raising her hand is 65 years old. She is married and the mother of seven children including two boys.

Her main activity is the trade of sorrel and "pain de singe" (fruit of the baobab tree). She has been conducting this activity since she became an adult. As a parallel activity she fattens sheep.

She buys four basins of sorrel at 3,000 francs a unit that she resells at 5,000 francs, and three basins of baobab fruit at 2,500 francs a unit she resells at 4,500 francs. She also buys a sheep for 30,000 francs she then raises and resells after five months for 50,000 francs.

With the profits she generates, she bolsters her savings and supports her grandchildren.
View original language description ↓
Ce groupe est composé de 20 membres dynamiques et solidaires qui font comme activités le commerce et l'embouche.
Fatou, debout à droite de la photo et levant la main est âgée de 65 ans. Elle est mariée et mère de 07 enfants dont 02 garçons. Son activité principale est le commerce d'oseille et de pain de singe. Elle fait cette activité depuis qu'elle est majeure. Elle fait comme activité parallèle l'embouche ovine.
Elle achète 04 bassines d'oseilles à 3000 F l'unité qu'elle va revendre à 5000 F et 03 bassines de pain de singe à 2500 F l'unité qu'elle revend à 4500 F. Elle achète aussi un mouton à 30 000 F qu'elle élève et au bout de 05 mois le revendre à 50 000 F.
Avec les bénéfices qu'elle génère, elle renforce son épargne et entretien ses petits 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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 487.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatou's Group's $3,200 loan helped a member buy sorrel and "pain de singe" (fruit of the baobab tree).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014