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29%

funded

15 days left

$2,125.00 to go

Total loan: $3,025

N'deye's Group

Senegal / Retail

A loan of $3,025 helps a member to strenghten the goodwill of their business.

N'deye's Group's story

This group of women was founded by Caurie in September 2018, but they were already close long before. They came together to start commercial activities like making soaps and juices, and now have occupations ranging from agriculture to retail.

Mabintou, the group representative, has her hand raised on the picture. She has three sons and four daughters. She uses her loans in catering for students of the local school. She prepares beans, sauce, onions, tuna and more.

With the profits she makes, she helps her husband with the family expenses. This is the fifth loan cycle of the group and they always reimbursed their loans according to the terms.

In this group: N'deye , Adama , Maimouna Seyni, Mariama, Mabintou , Marietou , Fanta , Mariama , Fatou, Mama , Satou , Bintou , Mariama , Sanou , Dianke , Roze, Toumboul , Senebou , Coumba

Translated from French by Kiva volunteer Madeleine Travers. View original language description.

Ce groupe de femmes a été mis en place par CAURIE depuis Septembre 2018. Mais bien avant çà le groupe existait C'est ainsi qu'elles s'organisaient pour développer certaines activités comme la confection de savons de jus etc... En leurs seins elles développent divers types d'activité allant de l'agriculture au commerce varié. La représentante du Groupe MABINTOU la main levée sur la photo est mère de famille de 07 enfants dont 03 Garçons et 04 filles. Avec son crédit elle fait de la restauration qu'elle vend aux élèves de Collège de sa localité. Elle prépare du haricot, de la sauce, d'oignons du Thon etc... Les revenus qu'elle engrange de son activité sont utilisés pour aider son mari dans la prise en charge des besoins familiaux. A ce jour ce groupe est à son cinquième prêts et rembourse toujours avec satisfaction

This loan is special because:

It empowers women in rural Senegal.

Manon Genouille, Kiva staff

Manon Genouille
Kiva staff

More about this loan

This loan is going to a borrower or borrower group living in a rural area.

About CAURIE Microfinance:

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.

Loan details

Loan length:

8 months

Repayment schedule: At end of term

Disbursed date: December 14, 2020

Funding model: Flexible

Partner covers currency loss? No

Facilitated by Field Partner: CAURIE Microfinance

Is borrower paying interest? Yes

Field Partner risk rating:

Lenders and lending teams

Country: Senegal

Field Partner: CAURIE Microfinance

Why Kiva works with this partner:

This microfinance institution establishes village banks in rural areas, lending to women bound by solidarity guarantees. The goal is to empower its borrowers, allowing village banks to manage small loans by themselves. In addition, Caurie provides financial literacy training and other services to improve clients’ quality of life. It also encourages clients to save money to buffer against unexpected expenses and economic shocks.

Time on Kiva: 155 months

Kiva borrowers: 95,523

Total loans: $24,056,650

Average cost to borrower: 20% PY

Profitability (return on assets): 1.4%

Average loan size (% of per capita income): 14.20%

Delinquency rate: 1.09%

Loans at risk rate: 1.33%

Default rate: 0.00%

Currency exchange loss rate: 0.22%

More about CAURIE Microfinance

What is a Field Partner?

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Repayment schedule

Show advanced

	Expected	Actual	Comments
Aug 2021	$3025.00	Available Aug 1

	Expected	Amount	Actual
Aug 2021
From borrower to Field Partner	Jun 14, 2021	1,625,512.88 XOF
From Field Partner to lenders	Aug 2021	$3025.00	Available Aug 1

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.