Ndeye Awa's Group
Fatou, who is 23 years old and standing on the right of the photo with her hand raised, is married and mother to a little girl. With this loan, she is planning to buy "pagnes" (pieces of colourful fabric) that she will resell in large towns. The profits she makes will enable her sufficient autonomy to take care of herself and her little girl as well enabling her to cover social needs.
Fatou, âgée de 23 ans, debout à droite de la photo et levant la main, est mariée et mère d'une petite fille. Avec le prêt,elle compte acheter des pagnes qu'elle va revendre dans les grandes villes.
Les bénéfices lui permettront d'atteindre une autosuffisance pour se prendre en charge de même que sa fille et subvenir à ses besoins sociaux.
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