Mrs. Seybatou (who is sitting on the far left with her hand raised), is the star borrower of the group. She is married with five children of which two boys, and is much respected within the group. She sells soap and rice. Her work is to buy soap packs at 6 500 F CFA at the local market which she then sells retail for 200 FCFA each soap bar, to buy bags of rice at 15 000 F CFA to sell retail for 350 F CFA a kilo and the same for other cooking ingredients.
With this loan she plans to buy bags of rice, packs of small and large soap bars and condiments.
She uses the profits partly to increase her savings and partly to assist her husband in paying their children's school fees.
Madame Seybatou (assise à l’extrême gauche avec une main levée), est l’emprunteuse vedette du groupe, elle est mariée et mère de cinq enfants dont 02 garçons, elle est une femme très respectée au sein du groupe. Elle est vendeuse de savon, de riz. Son activité consiste à l’achat au marché communal de pack de savon à 6 500 F CFA pour la revente en détail à 200 F CFA le morceau, de sacs de riz à 15 000 F CFA au détail 350 F CFA le kilo et autres ingrédients pour la cuisson.
Avec ce prêt, elle compte acheter des sacs de riz, des packs de savons petits et grands modèles et des assaisonnements.
Les bénéfices, elle les utilise en partie pour augmenter son épargne et soutenir son mari dans les charges scolaires des enfants.
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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