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Mar 17, 2017 7:45 PM ET

Senegal: Oumy’s Group: A loan of $2,775 helps a member to purchase 20 piglets.

iCrowdNewswire - Mar 17, 2017

Oumy’s Group

Senegal
 
Senegal / Pigs
 
Borrower image
 

A loan of $2,775 helps a member to purchase 20 piglets.

Oumy’s Group’s story

This group of two members is part of the ‘banc villageois’ that was created in June 2002. It is composed of women with a lot of solidarity who are active mainly in commerce and in raising livestock.

OUMY, standing at the right in the photo with a hand raised, is the featured borrower. She is 42, married, and the mother of seven children, including five girls. For years, she has been active in raising pigs and has a very loyal customer base in different regions of the country.

With her new loan, she intends to purchase 20 piglets that will be raised and then resold after five months. The rest of the loan will be used to purchase animal feed and vaccines for the piglets. She plans to use the profits to meet family needs, especially for the children’s school fees and healthcare costs. She also plans to buy food for the family.

In this group: Oumy, Fatou

 
Translator profile picture

Translated from French by Kiva volunteer Daniel Kuey 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:

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.

Contact Information:

Oumy's Group

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