Fatou is the representative of the group and has her hand raised in the photo. She is married and a mother of four children, two of whom are girls. Her oldest child is 21 years old and her youngest is 11 years old.
Fatou sells fabrics and crockery. With this loan, she plans on buying 25 lengths of Wax fabric, 15 lengths of khartoum fabric, 5 lengths of damask fabric, and 4 boxes of dishes.
She displays her merchandise in a stall at a market and has been doing this for almost ten years.
With the earnings, she will ensure her children's school-related needs and take care of some of the household expenses.
Avec ses bénéfices elle prend en charge les besoins de scolarisation de ses enfants et certaines dépenses de la maison.
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