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Seynabou's Group
In this Group: Seynabou, Aissatou, Darou, Aminata, Mbathio
Established on May 5, 2007, at the inauguration of the banc villageois, this group is made up of women who have experience with banc villageois programs. They are all from the same neighborhood and share strong ties of solidarity and mutual assistance. Their primary activity is small business.

Mrs. Aminata (standing at far right with a hand raised [in the photo]) is the group's featured borrower. She is married, 28 years old, and the mother of one boy and two girls. She purchases wood, charcoal, and tinted fabric to resell in her neighborhood for a higher price. With her new loan, Mrs. Aminata plans to purchase a wood truck for 200,000 CFA francs, as well as 100,000 CFA francs of charcoal and 50,000 CFA francs of fabric.

Mrs. Aminata plans to use part of the profits to support her husband in sending their children to school and the rest to improve her family's living conditions as well as to increase her savings with the banc villageois.
View original language description ↓
Créé le 05 Mai 2007 à l’inauguration du banc villageois, ce groupe est composé de femmes qui ont une expérience dans le programme des bancs villageois. Elles sont toutes issues du même quartier et partageant des liens forts de solidarité et d’entre aide. Elles ont comme activité principale le petit commerce. Madame Aminata (debout à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 28 ans et mère d'un garçon et de deux filles. Elle achète du bois et du charbon de bois, des tissus teintés pour les revendre dans son quartier à un prix plus élevé. Avec son nouveau crédit, elle compte acheter un camion de bois à 200000F CFA , 100000F CFA de charbon de bois et 50000F CFA de tissus. Les bénéfices, elle compte les utiliser pour appuyer son mari dans la scolarisation de ses enfants d’une part et d’autre part à améliorer les conditions de vie de la famille aussi renforcer son épargne dans le banc villageois.

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
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 477.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Seynabou's Group's $3,925 loan helped a member to sell charcoal and wood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 29, 2013
Listed
Jan 12, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 2, 2014