Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:

CAURIE Micro Finance was established in October 2005 by Catholic Relief Services (CRS) Senegal and Caritas Senegal after a long process of institutional transformation which began in 1999.

CAURIE stands for Coopérative Autonome pour le Renforcement des Initiatives Economiques par la Microfinance (Independent Credit Union for the Reinforcement of Economic Initiatives by Microfinance). CAURIE Micro Finance currently operates from six branch offices throughout Senegal, serving approximately 50,000 clients.

A unique lending approach:

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.

The program’s philosophy is based on the following guiding principles of “credit for the poor”:

1) Serve the poorest;

2) Link loans to savings;

3) Use collective guarantees;

4) Practice participative management;

5) Invest in order to broaden scope and become autonomous; and

6) Plan for sustainability.

To meet its objective and serve its customers, the institution’s methodology is based on the creation of organized, structured and communally-governed groups called “Bancs Villageois” (literally meaning Village Bench, thus stressing the nature of gathering villagers and distinguishing itself from the more formal term Bank). These groups are made up of an average of 50 self-selected women from local community groups. The “Bancs Villageois” are fundamentally based on the principles of participative management and collective guarantees.

Current customers are for the most part poor women who are micro-entrepreneurs from villages or semi-urbanized towns (peri-urban neighborhoods) and who have difficulty gaining access to financial services in order to develop income-generating businesses. Most customers are women who are either illiterate or who read and write at a very basic level.

Support Caurie MF’s staff by joining their lending team and find clients from Caurie MF who are currently fundraising.

 

 


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Feb 22, 2008 Oct 12, 2005
Total Loans $42,148,590 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $3,351,185 $155,292,280
Number of Paying Back Loans 1,437 180,364
Amount of Ended Loans $38,797,405 $1,775,561,795
Number of Ended Loans 15,053 2,382,297
Delinquency Rate 2.86% 11.50%
Amount in Arrears $83,737 $10,725,818
Outstanding Portfolio $2,510,436 $93,282,250
Number of Loans Delinquent 143 45,477
Default Rate 0.05% 1.82%
Amount of Ended Loans Defaulted $19,686 $32,353,228
Number of Ended Loans Defaulted 22 84,927
Currency Exchange Loss Rate 0.63% 0.49%
Amount of Currency Exchange Loss $518,274 $12,023,738
Refund Rate 0.15% 0.54%
Amount of Refunded Loans $64,325 $10,526,300
Number of Refunded Loans 28 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 97.73% 78.24%
Average Loan Size $257 $392
Average Individual Loan Size $934 $589
Average Group Loan Size $2,866 $1,892
Average number of borrowers per group 11.7 8.3
Average GDP per capita (PPP) in local country $2,300 $5,599
Average Loan Size / GDP per capita (PPP) 11.16% 7.00%
Average Time to Fund a Loan 17.87 days 8.93 days
Average Dollars Raised Per Day Per Loan $14.37 $43.86
  Average Loan Term 7.48 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 2,214 1,181,695
  Journaling Rate 13.65% 42.25%
  Average Number of Comments Per Journal 0.09 0.02
  Average Number of Recommendations Per Journal 1.39 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% PY 23.00% PY 27.02% PY
  Profitability (return on assets) -0.62% -0.1% -3.10%
  Average Loan Size (% of per capita income) N/A 46.00% 0.00%

Country Fast Facts

Lending Partner Staff

Claude ADZOTO API
Fabrice Apetoh - CAGECFI
ALAIN JONAS BADJI
EL BACHIR BADJI
Anta BALL
Amath BARRY
FANTA CLAIRE ANGE BASSE
Alain BASSENE
Alain Michel BASSENE
Victorine BAYEPAR
Amadou CAMARA
FATOU CISSE
Raoul Didier COLY
Ndèye Binta DANIFF
TENNING DEME
Anta DIA
Kiné DIA
Elimane DIAGNE
Khady DIAGNE
AYE DIALLO
AYE DIALLO
Coumba Baidy DIALLO
Lamine DIALLO
Awa DIEBATE
Marie Hélène DIEDHIOU
Marie Hélène DIEDHIOU
Marie Thérèse DIEDHIOU
Aliou DIEME
Joseph Alia DIENG
Albert René DIONE
ISABEL NDABA DIONE
Pierre Pathé DIONE
Rosalie DIONE
Moustapha DIONGUE
Bator DIOP
Daour DIOP
Abdel Kader DIOUF
ALIOU DIOUF
Maïmouna DIONE DIOUF
LATYR FAYE
Mamadou FAYE
Mariama FAYE
Serigne Modou Fallou FAYE
Yvonne Mireille FAYE
ABDOU GAYE
Ndèye Fatou GAYE
Khadidiatou Marie Joseph GUEYE
Khady GUEYE
MANDAW GUEYE
Margueritte Rose Coumba GUEYE
MOUSSA GUEYE
Ndèye Bamby GUEYE
PAPA JEAN GUEYE
Rokhaya GUEYE
Clement Hemazoh - CAGECFI
Alhousseyni KANE
Stella KANTOUSSAN
Aminata KOUYATE
Léon Emile LAMBAL
Daouda MANE
NDEYE ASTOU MANE
Edmond Pierre MANGA
OLIVIER MANGA
Dienaba MASSALY
Fatou MASSALY
Bassirou MBAYE
Pierre Noël NATAYE
MATY SECK NDIAYE
ROSE MARIE CHRISTIANE NDIAYE
Sacoura NDIAYE
BENJEMIN BOYE NDIONE
GABRIEL MEISSA NDIONE
Ghislain Yannick Cyprien NDIONE
Isidor NDIONE
Jeanine NDIONE
Joseph Daly NDIONE
Maurice NDIONE
ROGER CHRISTIAN NDIONE
Serge Massamba NDIONE
Pia NDONG
DIOUF ROSALIE H. T. NDOUR
ABOU NIANG
Issa Wade NIANG
Romain PREIRA
Awa SAGNA
PATRICE BERNARD SAGNE
Aida SALL
MALICK SALL
Cheikh Tidiane SAMB
GINETTE SAMBOU
Octave SAMBOU
ALASSANE SARR
FALLOU SECK
François Mbad SENE
SIRA SIMA
REINE MARIE D SINE
Ndiémé SOURANG
Papa Madikoye TAMBA
Amadou TOURE
MARIAME TRAORE
Andre Youm