Check out some available loans that are similar to this one!
Nene's Group
In this Group: Nene, Fatoumata, Aminata, Kadiatou, Bintou, Oumou*
* not pictured
This banc villageois is one of the most experienced in the system and brings together women who have mastered the program. Living together for years has solidified the connections that are characteristic [of these women's relationships]. Through their long experience with bancs villageois, these women have been able to foster a spirit of group solidarity that now allows them to cope with many situations. Their primary activity is small business.

Mrs. Néné (seated at right [in the photo]) is the featured borrower of this group. She is 43 years old, married, and the mother of four children, three girls and a boy. She processes local grains (fonio [a type of millet], millet-based couscous, flour from millet bouillon and powdered baobab fruit). She purchases the raw materials in the weekly markets most of the time, with the exception of the commune's central market for the processing and sale of 500g and 1kg bags.

With this loan, Mrs. Néné plans to strengthen her inventory [with the purchase of:]
- Five 50kg sacks of fonio for processing and packaging into 500g and 1kg bags.
- 10 sacks of millet to make couscous and bouillon.

The profits from her business will allow Mrs. Néné to better situate her business and to assist her husband in better managing the family's needs.
View original language description ↓
Ce banc villageois est l’un des plus expérimentés du système et groupe en son sein des femmes qui ont une grande maîtrise du programme. La cohabitation durant des années a pu souder les liens qui sont caractérisés. Ayant un long vécu dans le programme des bancs villageois, elles ont su développer un esprit de solidarité de groupe leur permettant de nos jours de faire face à beaucoup de situations. Elles ont comme activité principale le petit commerce.

Madame Néné (assise à droite), est l’emprunteuse vedette de ce groupe. Elle est âgée de 43 ans, elle est mariée, mère de 04 enfants dont 03 filles et un garçon. Elle fait de la transformation de céréales locales (fonio, couscous à base de mil, farine de bouillions de mil et poudre de pain de singe). Elle achète la matière première dans les marchés hebdomadaires pour la plus part du temps, par exception au marché central de la commune pour la transformation et la vente par sachet de 500 gr et 01 kg.

Avec ce prêt elle compte acheter pour renforcer son stock de production.
- Pour le fonio 05 sacs de 50 kg pour transformation et conditionnement dans des sachets de 500 gr et 01 kg.
- Une dizaine de sacs de mil pour la préparation de couscous et bouillions.

Les bénéfices de son activité lui permettront de mieux assoir son commerce et d’apporter son aide à son mari pour une meilleure prise en charge des 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

  • $1,759
    Average annual income
  • 20
    View loans »
    Senegal Loans Fundraising
  • $12,851,075
    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 Nene's Group's $3,350 loan helped a member to strengthen her inventory [with the purchase of:] five 50kg sacks of fonio [a type of millet] for processing and packaging into 500g and 1kg bags; 10 sacks of millet to make couscous and bouillon.
94% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015