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Apr 15, 2016 7:21 EST

Senegal – Maimouna’s Group: A portion of Maimouna’s Group’s $4,850 loan helps a member to buy three sheep and seven sacks of groundnut.

iCrowdNewswire - Apr 15, 2016

Maimouna’s Group

Senegal Agriculture | Livestock
 
Maimouna's Group
In this Group: Maimouna, Soda, Mame Diarra, Aissatou, Seye Faye, Rokhy, Khady, Fatou, Amy Cheick, Penda, Fatou Goulou, Aissatou, Ndeye, Amy, Angelique, Ramatoulaye, Yande*, Maye, Khady*, Adji, Amy, Fatou Ndane, Yande*
* not pictured
 
This group is part of a Banc Villageois created in May 2010. The members of the group live in the same village and their main activity is agriculture.

Maimouna, the group’s representative, is standing on the right in the photo and raising her hand. She is 49 years old, married, and the mother of six children, three of whom are girls. Her main activity is sheep breeding. In addition, she is also developing a small retail business (she sells groundnut).

She plans to use her loan to buy three sheep and seven sacks of groundnut. Profits from her business will allow her to cover some of the family’s needs as well as healthcare and education costs.

 

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:

Maimouna's Group

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