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Nael's Group
In this Group: Nael, Ndiaya , Mame Bousso, Astou*, Mame Bousso, Fatou, Fatou, Ndeye Thioro, Ndama, Rose, Amy, Anna*, Dieynaba, Ndieme, Fama, Coumba , Saye, Adama, Ngouye, Aïssata, Saye, Ramata, Fatou, Delphine, Soukeye
* not pictured
This group of 25 people is part of the banc villageois" of Walidaan which was created on the 19th of November 2004. The "banc villageois" groups together members who live in the same district and members who live in surrounding districts and who are trustworthy. The good atmosphere of understanding between the group members and their solidarity is their biggest strength. Their main businesses are retail and livestock fattening.

Fatou, standing on the right of the picture and raising her hand, is 48 years old. She is married and the mother of 2 children, one of whom is a girl. She is a small retailer. She has been in this line of work for a long time and is very experienced. She goes to the big towns where she stocks up on vegetables which she then resells at her local market. She will buy 100 000 francs worth of vegetables: 3 bags of carrots (at 30 000 per bag), 5 000 francs worth of turnips, 3 bags of cabbages for 22 500 francs, 2 bags of bitter eggplants for 20 000 francs and 20 000 francs worth of sweet eggplants. Her transport costs will be 2 500 francs. The 100 000 francs she will receive will be used as working capital. She will use the profits she makes to build her savings and build a house on land she has already bought.
Ce groupe de 25 membres fait partie du Banc Villageois de Walidaan qui a été créé le 19 novembre 2004. Le BV regroupe des membres qui habitent le même quartier et des membres qui habitent dans d'autres quartiers environnants et qui inspirent confiance. La bonne entente et la solidarité constituent leur force. Leurs principales activités sont le commerce et l'embouche.
Fatou, debout à droite de la photo et levant la main est âgée de 48 ans. Elle est mariée et mère de 02 enfants dont 01 fille. Elle fait comme activité le petit commerce. Elle fait cette activité depuis un bon moment et a une très bonne expérience dans ce domaine. Elle va dans les grandes villes où elle s'approvisionne en légumes qu'elle revend au marché de sa localité.
Elle achète pour 100 000 F de légumes à savoir : 03 sacs de carottes à 30 000 F, navets 5000 F, 03 sacs de choux à 22 500 F, 02 sacs d'aubergines amer à 20 000 F, aubergine douce à 20 000 F et 2500 F de frais de transport. Les 100 000 F vont lui servir de fond de roulement.
Avec les bénéfices réalisés, elle va renforcer son épargne et aussi construire une maison sur le terrain qu'elle a déjà acquis.

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.

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About Senegal

  • $2,300
    Average annual income
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 482.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nael's Group's $5,075 loan helped a member to buy vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 20, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 2, 2014