Apresse Doumassou Group
Ramatoulaye (who is sitting with her right hand raised) is the star borrower. She is 37 years old, married and mother to four children: two girls and two boys, the eldest of whom is eight years old. She sells locally manufactured shoes and dyed fabrics, and she has been carrying out this activity for more than five years.
She is buying a batch of shoes to the value of 150,000FCFA and fabrics to the value of 100,000FCFA. She sells the shoes for cash but the fabrics are sold on credit, repayable in two instalments.
The profits she makes allow her to increase her savings so that she can obtain a more interesting loan and also contribute actively to her children's schooling costs.
Madame Ramatoulaye (assise avec la main droite levée), est l’emprunteuse vedette. Elle est âgée de 37 ans, est mariée et mère de 04 enfants : deux filles et deux garçons dont le plus âgé a huit ans. Elle est vendeuse de chaussure de fabrication locale et de tissus teintées, activité qu’elle pratique depuis plus de cinq ans.
Elle achète un lot de chaussures d’une valeur de 150 000 FCFA et des tissus d’une valeur de 100 000 FCFA. Pour les chaussures la vente est au comptant par contre les tissus sont vendues à crédit payable en deux tranches.
Les bénéfices lui permettent d’augmenter son épargne en vue d’avoir un crédit plus intéressant d’une part et d’autre part de participer activement la prise en charge scolaire de ses enfants.
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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