Mrs. Fatoumata (sitting at the far right and shown inset) is the featured borrower for the group. She is a 68-year-old married mother of eleven children, five boys and six girls. She also looks after eight of her nephews. She has been selling rice, powdered milk, sugar and other condiments for over 10 years.
She will use this loan to buy three bags of rice for 14,000F Cfa and three 20-liter jugs of palm oil at 10,000F Cfa each, with transportation to be paid by the load at a cost of 250F Cfa per bag. This process is usually repeated as many times as possible during the month.
The profits earned through this activity will allow her to bolster her savings and to help her elderly husband with the household expenses.
Madame Fatoumata (assise à l’extrême droite en médaillons en bas) est l’emprunteuse vedette du groupe. Elle est âgée de 68 ans, est mariée et mère de 11 enfants (05 garçons et 06 filles) elle prend aussi en charge 08 de ses neveux. Elle est vendeuse détaillante de riz, lait en poudre, sucre et autres condiments. Cette activité elle l’a pratique depuis plus de dix ans.
Avec ce prêt elle compte s’approvisionner en riz pour trois sacs à 14 000 FCFA trois bidons de vingt litre d’huile de palm à 10 000 FCFA le bidon transport payé à la charge en raison de 250 FCFA par sac. Cette activité est renouvelée au tant de fois possible durant le mois.
Les bénéfices de son activité lui permettront d’épargner en partie et de soutenir son mari en âge très avancée dans la prise en charge de la famille dans son ensemble.
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