Fatou, the group's representative, is 47 years old. She is married and the mother of seven children: five boys (aged 27, 24, 21, 15 and 9) and two girls, aged 18 and 12. Fatou is raising her hand in the photo. Her main activity is retail: she buys her goods in the city and resells them at home, in her village.
She plans to use her loan to buy some ready-to-wear "boubous" for children, some shoes, wallets (for 250,000 francs), smoked and dried fish, as well as seafood (for 220,000 francs). She has been involved in this type of activity for 15 years and she manages very well.
She uses her profits to help her husband cover some of the household's expenses: she pays for food, and takes care of the children's school fees and health-related expenses.
Avec ses bénéfices elle aide son marie dans les dépenses de la maison a savoir la scolarité des enfants la nourriture et la santé. elle respect aussi ses épargnes dans le banc villageois.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
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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