Faty, 22 years old, is standing at the right with her hand raised in the photo. She is married and without children. Her main work involves commerce. With this loan, she intends to work in small-scale commerce. She is buying some clothing accessories for men, women, and children that she resells. She gets her supplies from the big cities where she can find a dozen dresses for children at 2,500 francs each and 8 pairs of shoes at 3,000 francs a pair.
With the profits, she plans to increase her capital, so as to prepare for her next loan.
Faty, âgée de 22 ans,debout à droite de la photo et la main levée, est mariée sans enfant. Sa principale activité est le commerce. Avec son prêt, elle compte faire du petit commerce. Elle achète des accessoires d'habillement pour homme, femme et enfant qu'elle revend. Elle s'approvisionne dans les grandes villes ou elle peut trouver une dizaine de robes pour enfants à 2500 F l'article; 08 paires de chaussures à 3000 F la paire.
Avec les bénéfices, elle compte renforcer son capital pour préparer son prochain prêt.
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