Fatou is the president of the group and is 63 years old. She is married and both a mother and grandmother; she has eight children, all of whom are married except for two of her sons, and she has four grandchildren. Fatou runs a shop out of her home and is also in the vegetable business. She is pictured standing on the right in a green "boubou."
Fatou stocks up on tomatoes, sugar, milk, tea, coffee, candy, etc. in the city to replenish the stock of her shop. She has had over 30 years of valuable experience in this field. She will use her loan to expand her business. With the profits, she will take care of her needs, help her children and their families, but also put some into savings. A portion of her profits will increase her business capital.
Madame Fatou la présidente est âgée de 63 ans. C'est une femme mariée mère et grand mère ; elle a huit enfants tous mariés sauf deux garçons et quatre petits enfants. Elle a une boutique à domicile et fait parallèlement du maraîchage. Elle est debout à droite habillée en boubou vert.
Elle s'approvisionne en tomate, sucre, lait,thé, café, bonbons etc.... dans une ville pour recharger sa boutique. Elle a une bonne expérience de plus de 30 ans dans ce domaine.
Son prêt lui servira à renforcer son activité de commerce.
Avec ses bénéfices, elle parvient à gérer ses besoins, aider ses enfants et leurs familles; mais aussi épargner. Une partie des bénéfices lui sert de fonds de roulement.
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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