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

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.

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 $9,699,650 $813,593,625
Amount of raised Inactive loans $0 $361,675
Number of raised Inactive loans 0 183
Amount of Paying Back Loans $873,700 $137,833,725
Number of Paying Back Loans 326 163,897
Amount of Ended Loans $8,825,950 $675,398,225
Number of Ended Loans 4,234 835,962
Delinquency Rate 0.00% 9.03%
Amount in Arrears $0 $8,248,438
Outstanding Portfolio $870,825 $91,373,804
Number of Loans Delinquent 0 32,499
Default Rate 0.00% 1.27%
Amount of Ended Loans Defaulted $0 $8,554,773
Amount of Ended Loans $8,825,950 $675,398,225
Number of Ended Loans Defaulted 0 22,689
Currency Exchange Loss Rate 0.56% 0.40%
Amount of Currency Exchange Loss $54,576 $3,290,899
Refund Rate 0.58% 0.65%
Amount of Refunded Loans $56,000 $5,273,250
Number of Refunded Loans 26 5,643

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 99.94% 74.67%
Average Loan Size $208 $409
Average Individual Loan Size $737 $646
Average Group Loan Size $3,100 $1,818
Average number of borrowers per group 16.7 7.9
Average GDP per capita (PPP) in local country $2,300 $5,943
Average Loan Size / GDP per capita (PPP) 9.06% 6.89%
Average Time to Fund a Loan 8.32 days 6.79 days
Average Dollars Raised Per Day Per Loan $25.05 $60.29
  Average Loan Term 6.27 months 10.96 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,319 398,797
  Journaling Rate 28.20% 40.61%
  Average Number of Comments Per Journal 0.14 0.06
  Average Number of Recommendations Per Journal 2.30 1.39

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 23.00% PY 28.61% PY
  Profitability (return on assets) 0.8% -0.1% -0.77%
  Average Loan Size (% of per capita income) 14.20% 46.00% 19.56%

Country Fast Facts

Field Partner Staff

Odette Delphine BADIANE
Kiné DIA
Victoria DIATTA
Ngone Diedhiou
Isabelle Nbaba DIONE
Isabelle Nbaba DIONE
Mariama Lo
Mariamu Lo
Joseline Mancabou
Daouda Mane
Gabriel Meissa NDIONE
Marie Françoise NDIONE
Mère Jeanine NDIONE
Chantal TINE
André Roland YOUM

Kiva Fellow(s)

Anneka Nelson