Kiva conducts regular, ongoing monitoring of all Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Feb 22, 2008 Oct 12, 2005
Total Loans $19,042,425 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $2,087,250 $147,970,550
Number of Paying Back Loans 722 195,474
Amount of Ended Loans $16,955,175 $1,182,285,025
Number of Ended Loans 6,988 1,522,055
Delinquency Rate 0.00% 10.42%
Amount in Arrears $0 $9,802,012
Outstanding Portfolio $1,509,889 $94,101,479
Number of Loans Delinquent 0 55,529
Default Rate 0.00% 1.74%
Amount of Ended Loans Defaulted $0 $20,609,355
Number of Ended Loans Defaulted 0 50,258
Currency Exchange Loss Rate 0.29% 0.39%
Amount of Currency Exchange Loss $54,576 $5,175,709
Refund Rate 0.29% 0.59%
Amount of Refunded Loans $56,000 $7,878,725
Number of Refunded Loans 26 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 99.66% 76.40%
Average Loan Size $239 $394
Average Individual Loan Size $745 $609
Average Group Loan Size $3,109 $1,761
Average number of borrowers per group 13.8 7.7
Average GDP per capita (PPP) in local country $2,300 $5,776
Average Loan Size / GDP per capita (PPP) 10.38% 6.82%
Average Time to Fund a Loan 8.45 days 7.13 days
Average Dollars Raised Per Day Per Loan $28.25 $55.26
  Average Loan Term 6.81 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,174 789,496
  Journaling Rate 28.80% 43.17%
  Average Number of Comments Per Journal 0.09 0.03
  Average Number of Recommendations Per Journal 1.41 0.81

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% PY 23.00% PY 25.36% PY
  Profitability (return on assets) 1.9% -0.1% -1.96%
  Average Loan Size (% of per capita income) 14.20% 46.00% 12.88%

Country Fast Facts

Field Partner Staff

Odette Delphine BADIANE
Anta BALL
Alain BASSENE
Jean Michel BOB
Raoul Didier COLY
Ndèye Binta DANIFF
TENNING DEME
Daouda DIA
Kiné DIA
AYE DIALLO
Mamadou Limane DIEDHIOU
Ngone Diedhiou
Aliou DIEME
Albert René DIONE
Rosalie DIONE
Moustapha DIONGUE
Abdel Kader DIOUF
LATYR FAYE
Mamadou FAYE
Mariama FAYE
Abdoulaye GUEYE
Ndèye Bamby GUEYE
Oumar MANGARA
Dienaba MASSALY
Lamine NDIAYE
Pape Ibrahima NDIAYE
Isidor NDIONE
Jeanine NDIONE
ROGER CHRISTIAN NDIONE
Awa NDOME
Pia NDONG
Romain Stanislas PREIRA
Awa SAGNA
PATRICE BERNARD WALY SAGNE
Octave SAMBOU
Philgence Djiby SENE
MARIAME TRAORE