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Apr 13, 2016 11:24 EDT

Senegal – Marcelle’s Group: A portion of Marcelle’s Group’s $4,575 loan helps a member to purchase rice, sugar, oil, cookies, and candy to resell.

iCrowdNewswire - Apr 13, 2016

Marcelle’s Group

Senegal Food | Food Market
Marcelle's Group
In this Group: Marcelle , Fatou , Louise , Seynabou , Marie Andre , Amy , Fatou*
* not pictured
This group of 7 members is part of the ‘banc villageois’ that was created in November 1995. It is composed of women who are energetic with a lot of solidarity. They are active in commerce and in livestock farming.

MARCELLE, standing at the right in the photo with a hand raised, is the featured borrower. She is 68 years old, married, and the mother of four girls and four boys. She has a shop in her village. She is on her 34th loan cycle with the ‘banc villageois’ (since its creation). She has always paid back her loans without difficulties.

With this new loan, she intends to purchase five 50-kg sacks of rice, two 20-liter containers of oil, a 50-kg bag of sugar, three packets of cookies, and lastly three packets of candy. This is her work since her inventory is out.

The profits will be used in particular to cover her children’s school fees and also to take care of her family.

View original language description ↓

Additional Information

More information about this loan

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

About CAURIE Micro Finance

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva’s Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower’s loan. The other members of the group are not required to use their loans for the same purpose.

Contact Information:

Marcelle's Group

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