Sop Serigne Fallou Group
Ndèye Fama is the leader of the group. She is 47 years old and supports three children. Her primary activity is running a small business dealing in condiments (garlic, peppers, etc.). She has had a good track record for this type of business. She is pictured standing at the right of the photo dressed in a multi-coloured taille basse.
This loan would allow her to stock up on merchandise that will satisfy her clientele. Her objective is to expand her business so she can provide for the needs of her family and ensure their survival.
Son prêt lui permettra de s'approvisionner en marchandises pour satisfaire sa clientèle. Son objectif est d'élargir son commerce pour pouvoir subvenir aux besoins de sa famille et assurer leur survie
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