Funded

Total loan: $2,950
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Soumboundou Group

Senegal
Senegal / Food Production/Sales

A loan of $2,950 helped a member to buy three buckets of groundnut paste and gradually get her business going.


Soumboundou Group's story

The Banc Villageois was set up and inaugurated on 12th December 2011. The group is made up of 28 women who all have income-generating activities and live in the same village. The majority of them have small trading businesses, in particular the sale of locally manufactured products.

Fatou, who is sitting on the far right of the photo in the first row, is the star borrower. She is 53 years old, married and mother to four boys and two girls. She sells groundnut paste that she buys by the bucket (20kg) for 9,000FCFA and then sells on a retail basis in her town in sachets at 100FCFA each, making an average profit per bucket of 6,500FCFA.

With this loan, she is planning firstly to buy three buckets of groundnut paste and gradually get her business off the ground.

The profits she makes enable her to help her husband out with the young children's schooling expenses.

In this group: Fatou, Fatou, Diakong, Souadou Bacary, Papiya, Lebo, Fatou, Tida, Ndeye, Banna, Bougnadou, Tening, Sona, Amy, Sire Banna, Fatou, Dionsaba, Fanta, Fatou Sarr, Nana, Fatoumata, Sireba, Hawa, Faty, Vieux, Madioula, Magnima , Wandiba, Dioutala, Penda
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Alison Le Bras



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 23, 2012
Facilitated by Field Partner: CAURIE Microfinance, a partner of Catholic Relief Services

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 23, 2012
Facilitated by Field Partner: CAURIE Microfinance, a partner of Catholic Relief Services