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Jul 13, 2016 2:49 EST

Senegal: A loan of $2,150 helps a member of Ndeye Maty’s Group to purchase a bolts of various fabrics to resell in smaller pieces to local customers.

iCrowdNewswire - Jul 13, 2016

Ndeye Maty’s Group

 
Senegal / Cloth & Dressmaking Supplies
 
Borrower image
 

Ndeye Maty’s Group’s story

This borrowing group of four businesswomen was founded in August 2011. The women work primarily as vendors, and are determined to sustain their business activities and strengthen their funding capacity. The group members maintain relationships of solidarity and mutual support.

The featured borrower is Mrs. Ndéye Maty, pictured in the right of the photo with her hand raised. She is 31 years old and married with five children. She runs a small business selling fabric.

With this loan, Ndéye Maty will purchase products for her business including 30 bolts of dyed fabric, 15 bolts of voile fabric, and 25 bolts of waxed fabric. She will resell the cloth in smaller pieces to local customers.

With the profits she earns, Ndéye Maty plans to contribute financially to the needs of her children (including food, clothing, and education), and to continue to fund her business.

In this group: Ndeye Maty , Dieynabou Samba , Fatoumata Binta , Oumou
*not pictured

Translator profile picture

Translated from French by Kiva volunteer Willow King View original language description 

This loan is special because:

It empowers women in rural and suburban Senegal. 

Nadia Costanzo
Kiva staff 

More about this loan 

About CAURIE Microfinance, a partner of Catholic Relief Services:

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.

A loan of $2,150 helps a member to purchase a bolts of various fabrics to resell in smaller pieces to local customers.

 

Contact Information:

Ndeye Maty's Group

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