Mrs. Fatoumata (seated at far right [in the photo]) is the group's featured borrower. She is 27 years old, married and the mother of four children, three boys and one girl. She participates in the sale of potatoes, for which she pays 3,500 CFA francs per sack, and 6,000 CFA francs per sack of manioc. She gets her supplies from the local surrounding villages, which she then sells for 6,000 CFA francs per sack of potatoes and 8,000 CFA francs per sack of manioc. She benefits from her experience in this business, which she has been involved in for years.
With the profits that this business generates, Mrs. Fatoumata plans to increase her savings in the future to help her husband with various expenses and to provide for her children's school fees and care.
Madame Fatoumata, (assise à l’extrême droite) est l’emprunteuse vedette du groupe. Elle est âgée de 27ans, est mariée et mère de 04 enfants : 03 garçons et 01 fille. Elle s’active dans le commerce de patate qu’elle paie à 3500 F CFA le sac et le sac de manioc à 6000 F CFA.
Elle s’approvisionne à partir des villages environnant pour la revente dans sa localité respectivement à 6000 FCFA le sac de patate, 8000 FCFA le sac de manioc. Elle jouit d’une bonne expérience dans ce domaine pour l’avoir pratiqué pendant des années.
Avec les bénéfices que cette activité génère, elle compte dans le futur renforcer son épargne aider son mari dans les taches régaliennes (dépenses), assurer la scolarité des enfants et leurs soins.
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