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Coumbel's Group
In this Group: Coumbel, Houraye, Maounde, Hadji*, Fatoumata , Dienaba*, Nene, Bouya, Sira Diouma, Mariama, Houleye, Idiatou, Racky, Ndoumbe, Mariama, Maoude, Dienaba
* not pictured
Created in January 1998 at the inauguration of the "banc villageois", this group is one of the oldest in the program and the majority of its members have a deep understanding of the system. They have always been very dynamic, their solidarity reinforced every day since they live in the same neighborhood. Their primary activity is small-scale commerce.

Standing on the far right with her left hand raised, Madame Coumbel is the featured borrower of the group. Single, she is 35 years old and is raising her three sons. She runs a shop selling cosmetics and beauty products. She buys her merchandise mostly in the capital in big markets from wholesalers and resells it in her shop. She is quite familiar with all the different products that are in vogue with her clientele.

With her new loan she is going to stock up on 12 boxes of extensions (artificial hair) and several dozen bottles of beauty cream and cologne, which is frequently used during the summer season.

With the profit she will make from her activity, she intends to support her sons' schooling and improve the living standard of the family a bit.
View original language description ↓
Créé en janvier 1998 à l’inauguration du banc villageois, ce groupement est l’un des plus anciens du programme et la majorité des membres jouissent d’une forte connaissance du système. Elles sont restées très dynamiques avec une solidarité renforcée de jour en jour car vivant dans le même quartier. Elles ont comme activité principale le petit commerce.

Debout à l’extrême droite avec la main gauche levée, madame Coumbel est l’emprunteuse vedette du groupe. Célibataire de son état, elle est âgée de 35 ans et prend en charge ses trois garçons. Elle gère une boutique de cosmétique et produits de beauté. Elle achète sa marchandise le plus souvent à la capitale dans les grands marchés auprès de grossistes pour la revente dans sa boutique. Elle une très grande connaissance des différents produits en vogue pour la clientèle.

Avec son nouveau prêt elle va s’approvisionner en mèche (cheveux artificiels) pour une dizaine cartons et des douzaines de lait de beauté et parfum de chambre utilisé fréquemment durant l’hivernage.

Avec les bénéfices qu’elle tirera de son activité, elle compte soutenir ses garçons dans leur scolarité et améliorer de sur quoi le niveau de vie 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.

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About Senegal

  • $1,759
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 482.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Coumbel's Group's $3,675 loan helped a member to stock up on 12 cartons of hair extensions (artificial hair) and several dozen jars of beauty cream and bottles of cologne.
92% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 8, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015