Mrs. Fatou, seen on the right in the photo with her hand raised, is the head of the group. She is 81 years old, married, and the mother of ten children. She sells vegetables and has a good command of her activity, having done this for several years.
This loan will allow her to strengthen her capital and further expand her activities. She will use the profits to improve her family’s living conditions (healthcare, food, education, etc.).
One of the group members, Dieneba, did not seek a loan despite appearing in the photo. This explains why 15 members are requesting a group loan although there are 16 members in the picture.
Madame Fatou qui est à la droite de la photo levant la main et le responsable de groupe. Elle est âgée de 81 ans. Elle est mariée et mère de dix enfants.
Elle s’active dans la vente de légumes. Elle a une bonne expérience dans ce domaine d’activité, car étant pratiquer depuis plusieurs années.
Ce prêt lui permettra de renforcer son capital et de mieux développer ses activités.
Les profits lui permettront d’améliorer les conditions de vie de la famille (santé, nourriture, scolarité etc.…).
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