Fatou Diop's Group
Diop (standing on the right in the picture, with her left hand raised) is the group's featured borrower. She is 31 years old and the mother of 3 children, 2 of whom are girls. A meticulous woman who likes to work, she sells beauty products, namely body milk and body fragrances, which she buys from suppliers and then resells to retail customers for cash or credit. She plans to use this new loan to renew her inventory by buying a few dozen bottles of body lotion, body perfume and room fragrances. The profits generated by her business will enable her to help provide her young children with an education.
Madame Diop (debout à l’extrême droite avec la main gauche levée) est l’emprunteur vedette du groupe. Elle est mère de 03 enfants dont 02 filles, elle est âgée de 31 ans. Très rigoureuse et volontaire à la tâche elle vend des produits de beauté à savoir lait corporel et parfum de corps qu’elle achète auprès de fournisseurs pour la revente en détail au comptant ou à crédit.
Avec son nouveau prêt, elle compte renouveler son stock par l’achat de douzaines de lait corporel et de parfum de corps et de chambre.
Les bénéfices tirés de ses activités lui permettront d’assister ses enfants à bas âge dans leur scolarité.
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