This group of 20 women is part of the Banc Villageois created on May 4, 2009. All the members of the group live in the same neighborhood and most of them are involved in retail business.
Fatou, the group's representative, is the woman standing on the right-hand side and raising her hand. She is 29 years old, married, and the mother of three children including two boys. She sells cosmetic products.
She will use her loan to buy shoes, handbags and cosmetic products. With her profits, she will be able to strengthen her savings.
Ce groupe de 20 femmes fait parti du Banc Villageois qui a été crée 04/05/2009.Elles habitent le même quartier. Elles pratiquent pour la plupart comme activité le commerce. Debout à droite et levant la main, Fatou, est la représentante du groupe/ Elle est âgée de 29 ans. Elle est mariée et mère de 3 enfants dont 02 garçons. Elle fait comme activité Le commerce de produit cosmétiques. Avec le prêt reçu elle va acheter des chaussures, des sacs, et des produits cosmétiques. Les bénéfices lui permettront de renforcer l’épargne.
About CAURIE Micro Finance
The 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.