Check out some available loans that are similar to this one!
Fatou's Group
In this Group: Fatou, Ndeye, Mengue, Khady, Amy, Nene
This group of six women is part of the 'banc villageois' which was created on November 16, 2009. It is composed essentially of women from the same district. They maintain good relationships, and they work in commerce. Ndéye, who is at the right in the photo with her hand raised, is 41 years old, married, and the mother five children, including three girls.

With this loan, she envisions processing peanuts and selling the peanut oil and peanut butter. She is going to purchase some peanuts at 225,000 francs. She makes sure that half of the peanuts is processed into oil and the rest into peanut butter. It is a business that is going well, since she can sell a liter of peanut oil at 750 francs and peanut butter at 700 francs per kilo.

The profits enable her to save money and to meet family needs.
View original language description ↓
Ce groupe de 6 femmes fait parti du banc villageois qui a été crée 16 novembre 2009. Ce banc est constitué essentiellement de femmes du même quartier. Elles entretiennent de bonnes relations et font comme activité le commerce.
Ndéye, à droite de la photo et levant la main, est âgée de 41 ans. Elle est mariée et mère de 5 enfants dont 3 filles.
Avec le prêt elle envisage de faire la transformation et commercialisation de l'huile d'arachide et de pate d'arachide. Elle va acheter de l'arachide à 225000f. Elle assure la transformation de la moitié d'arachide en huile et l'autre en pâte d'arachide. Une activité qui marche bien puisse qu'elle peut vendre le litre d'huile d'arachide à 750f et la pâte à 700f le kg.
Les bénéfices lui permettent d’épargner et de subvenir aux besoins de la famille

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.

Tags

About Senegal

  • $2,300
    Average annual income
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 477.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatou's Group's $3,575 loan helped a member to purchase peanuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 3, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014