Mrs. Fatou (sitting, third from the left) is the group leader. She is 56 years old, married, and the mother of three children. She also looks after her four nephews.
She has been selling porridge in her neighborhood for over 10 years. With this new loan, she plans to purchase three sacks of millet and one bag of sugar.
Part of the profits will go towards her savings, and the remainder will be used to provide for her children at home and at school.
Madame Fatou (assise en troisième position de la gauche vers la droite) est responsable du groupe. Elle est âgée de 56 ans, mariée et mère de 03enfants. Elle prend aussi en charge ses 04 neveux.
Elle est vendeuse de bouillie dans son quartier depuis plus de 10 ans.
Avec son nouveau prêt, elle compte acheter 03 sacs de mil et 01 sac de sucre.
Une partie des bénéfices sera épargnée et l’autre pour subvenir aux besoins de ses enfants à l’école et dans la maison.
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