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Racky's Group
In this Group: Racky, Mariama, Nene Diamanou, Kadiatou, Nene Galle, Mariama Dioulde, Ramatoulaye*
* not pictured
This group was created on 16th May 2011 following the inauguration of their banc villageois. The group is currently made up of women who not only live in the same village but who also gain experience in their respective businesses, allowing them to better understand the lending scheme. This group has a distinct advantage, in that their village is home to the large Louma weekly market. Solidarity and inter-member support are characteristic of the members of this group, who practise small-scale retail.

Racky (the woman on the right with her hand raised) is the group's star lender. She is 29 years old and a married mother to two children, one boy and one girl. Despite her young age, she is one of the most dynamic members of the group. She sells clothing items (bags, shoes) and cosmetic products (toiletries, perfumes and deodorants). She buys her supplies from the capital and sells them in exchange for credit (to be paid in two instalments) to the women of the village. She also accepts cash when she's working at the weekly markets.

With this new loan, she is planning on buying dozens of pairs of children's shoes and boxes of perfumes and deodorants which will be resold in the village
With the profits, around 15,000 FCFA for every dozen pairs of shoes sold, she is thinking of adding to her savings and improving her family's living conditions.
View original language description ↓
Le groupe est créé le 16 mai 2011 lors de l’inauguration leur banc villageois. Il compte actuellement des femmes qui en plus de vivre ensemble dans le même village, gagnent en expérience dans leur activité respective car comprenant de mieux en mieux le programme cela favorisé par le fait que le village habite un grand « Louma » marché hebdomadaire. La solidarité et entre aide caractérisent les relations entre membre du groupe qui ont comme activité principale le petit commerce.

Madame Racky (debout à droite) est l’emprunteuse vedette. Mariée et mère de deux enfants une fille et un garçon, elle est âgée de 29 ans. Malgré son jeune âge elle est l’une des plus dynamiques du groupement. Elle est vendeuse d’articles vestimentaires (sacs, chaussures), et produits cosmétiques (effets de toilette, parfums et déodorants). Elle achète sa marchandise dans la capitale pour la revente à crédit par deux remboursements aux femmes du village et au comptant durant les jours de marchés hebdomadaires.

Avec son nouveau prêt, elle va acheter par douzaines des chaussures pour enfants et par cartons pour les parfums et déodorants pour la revente au village.

Avec les bénéfices, en moyenne 15 000 Frs CFA par douzaine vendue, elle pense renforcer son épargne et améliorer les conditions de vie de sa famille.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 480.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Racky's Group's $5,725 loan helped a member to purchase dozens of pairs of children's shoes and boxes of perfumes and deodorants, which will be resold in the village.
94% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015