Fatou Modou's Group
Fatou, 36 years old (standing on the far left), is the group's featured borrower. She sells fresh produce in one of the sub-region's weekly markets. She buys her products from vegetable producers, mostly from her village.
With the new loan, she intends to buy at least 06 platters of salads and a few buckets of cucumbers for retail sales or by lot.
She wants to use her profits to expand her business and actively participate in managing family expenditures.
Madame Fatou, âgée de 36 ans (debout à l’extrême gauche), est l’emprunteuse vedette de ce groupe. Elle est vendeuse de légumes frais dans un marché hebdomadaire de la sous région. Elle achète son produit auprès de maraichers pour la plus part de son village.
Avec son nouveau prêt, elle compte se procurer au moins 06 planches de salades et quels que seaux concombres pour la revente au détail et par tas.
Avec les bénéfices, elle veut développer son activité et participer de manière active à la gestion des charges de la famille.
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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Success!! The loan was 100% repaid