Fatou, who is sitting on the far right of the photo in the first row, is the star borrower. She is 53 years old, married and mother to four boys and two girls. She sells groundnut paste that she buys by the bucket (20kg) for 9,000FCFA and then sells on a retail basis in her town in sachets at 100FCFA each, making an average profit per bucket of 6,500FCFA.
With this loan, she is planning firstly to buy three buckets of groundnut paste and gradually get her business off the ground.
The profits she makes enable her to help her husband out with the young children's schooling expenses.
Madame Fatou (assise à l’extrême droite dans la première rangée), est l’emprunteuse vedette. Elle est âgée de 53 ans, est mariée et mère de quatre garçons et deux filles. Elle est vendeuse de patte d’arachide qu’elle achète par seau de 20 kilogrammes à 9 000 FCFA pour la revente en détail dans sa localité en sachet de 100 FCFA avec comme bénéfice moyen par seau de l’ordre de 6 500 FCFA.
Avec ce financement, elle compte dans un premier temps acheter 03 seaux de patte d’arachide et au fur et à mesure faire fonctionner son activité.
Les bénéfices lui permettront d’appuyer son mari dans la prise en charge scolaire de ses jeunes 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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Success!! The loan was 100% repaid