Mrs. Seynabou M., seated at the extreme left in the photo raising her right hand, is the leader of the group. She is 50 years old, married and the mother of 7 children. She has been in business since joining the Banc Villageois. With financing of 100,000 CFA, she is going to buy wax and basin (damask) fabric that she will sell in her neighborhood and at the market for cash or on credit. Her goal is to provide for her family’s needs, such as her children’s school fees and contributions to daily expenses.
Madame Seynabou M., assise à l'extrême gauche sur la photo, élevant la main droite, est responsable du groupe. Elle est âgée d'une cinquantaine d'année. Elle est mariée et mère de 07 enfants.
Elle fait du commerce depuis son entrée dans le Banc Villageois.
Avec son financement de 100.000 francs cfa elle va acheter des tissus en wax et basin qu'elle va revendre à crédit et/ou au comptant dans son quartier et au marché.
Son objectif est de subvenir aux besoins familiaux, tels que les frais de scolarité de ses enfants et une participation à la dépense quotidienne.
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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