Sant Yalla Group
The group members, in addition to regular payments they make, take part in covering the various expenses of their respective families. And they also raise money to save at their Banc Villageois.
Ms. Fatou BEYE (who is standing at the right in the photo in the second row and wearing a black scarf on her head) is the head of the solidarity group. She is 40 years old, married, and the mother of six children to support. Three of the children attend school. Fatou is developing a business. And with her new loan, she is going to buy and sell perfumes, cosmetics, incense, pagnes (colorful West African cloth), and bed sheets. She has been in this business for three years and has not encountered any problems yet.
Fatou's husband is on travel and comes to see the family only once a year. As a result of this situation, Fatou makes sure the bulk of family expenses are covered, for example: food, health care, and schooling for the children. This does not keep her from making regular loan payments or from increasing her savings each time.
Madame Fatou BEYE, debout à droit de la photo en deuxième rang avec un foulard noir sur la tête est responsable du groupe de solidarité. Elle est âgée de 40 ans, elle est mariée et mère de 06 enfants en charge dont 03 qui fréquentent l’école. Elle développe une activité commerciale et avec son nouveau prêt elle va acheter et vendre des parfums, des produits cosmétiques, de l’encens, des pagnes et des draps de lit. Elle pratique cette activité depuis 03 ans et n’y a pas encore rencontré de problème. Son mari est en voyage et ne vient qu’une seule fois par an pour voir la famille, cette situation fait qu’elle assure une bonne partie de la prise en charge familiale. Par exemple : la nourriture, la santé et la scolarité des enfants. Et cela ne lui empêche pas de faire des remboursements réguliers et d’augmenter chaque fois son niveau d’épargne.
About CAURIE Micro FinanceThe 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.
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Success!! The loan was 100% repaid