Total loan: $500,000
, , Senegal / Services
Caurie's loan finished fundraising,
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A loan helped this Field Partner support groups of women in Senegal whose livelihoods have been affected by the COVID-19 crisis.
Caurie is a non-profit microfinance cooperative located in Thiès, Senegal. Since 2008, Caurie has worked with Kiva lenders to provide loans to over 85,000 borrowers with more than $21,000,000 lent through Kiva.org. Caurie provides financial assistance to primarily women living in rural communities, and specializes in group solidarity lending through "Village benches" ("Bancs Villageois" in French), which are organized, structured and communally-governed groups of up to 50 women. While historically a stable and sustainable organization, the global pandemic has led to Senegal being under a partial lockdown, with internal movement restrictions and curfews, which has severely impacted Caurie’s group lending operations. This includes a limited ability to disburse loans and receive repayments on the loans they disbursed before the crisis. Like many businesses around the world, Caurie is unable to operate normally as a result of the crisis, leading to a need to access flexible working capital. This loan will allow Caurie to be able to help borrowers' businesses recover from the crisis, and cover operational expenses such as staff salaries. Your contribution will help support Caurie to weather this crisis. This loan is part of Kiva’s Crisis Support Loan program to assist our Field Partner organizations directly so they can continue to support our borrowers. Because it is part of a pilot program, this loan may have higher risk. Read more in the "More about this loan" section below.