Fatoumata (standing on the far right with her hand raised,) is the featured borrrower. She is 37 years old, married, and the mother of three sons and one daughter. She owns a breakfast eatery in the village and has had the business for more than five years.
With this new loan, she would like to buy sugar (20,000 FCFA a bag,) four bags of coffee (2,500 FCFA each,) and enough milk to ensure the business can continue without interruption for one month.
With the profits from this loan, she will be able to increase her savings and improve her standard of living, educate her children, and ensure their medical needs are met.
Madame Fatoumata (debout à l’extrême droite avec une la main droite levée), est l’emprunteuse vedette du groupe. Elle est âgée de 37 ans, mariée et mère de 04 enfants dont 03 garçons et une fille. Elle tient une gargote au village où elle sert le petit déjeuner. Activité qu’elle pratique depuis plus de cinq ans.
Avec son nouveau crédit, elle compte acheter du sucre 20 000 FCFA le sac, du café 4 pots de 2 500 FCFA l’un et du lait en quantité suffisante pour assurer la continuité de son activité sans rupture pour une durée d’un mois.
Les bénéfices réalises lui permettent d’augmenter son épargne et d’accroitre son niveau de vie assurer la scolarité des enfants et leur besoin médical.
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