Fatou, 45 years old and standing at right in the photo, is a mother of five. With the loan, she sells dried fish and oysters, which has been her main business for several years. In addition to that, she also fattens sheep; she is purchasing four lambs that she plans to resell in the next four months.
The profits allow her to meet the needs of her children and she also plans to support her husband in maintaining the household.
Fatou, âgée de 45 ans, debout a droite de la photo, est mère de 05 enfants. Avec le prêt, elle fait du commerce de poissons séchés et d'huîtres comme activités principales et cela depuis plusieurs années. En dehors de cela, elle fait comme activité parallèle de l'embouche ovine; elle achète 04 moutons qu'elle compte revendre d'ici 04 mois.
Les bénéfices lui permettent de subvenir aux besoins de ses enfants et aussi elle compte épauler son mari dans la tenue du domicile.
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