Ms. Fatoumata (sitting in the first row at the far right) is the featured borrower of the group. She is 55 years old, married, and the mother of seven children (a girl and six boys). She sells various typical consumer goods. Her business involves purchasing soap by the box wholesale to sell retail in her village and at the weekly market.
With her new loan, she wants to purchase 5 boxes of soap at 10,000 francs CFA per box, plus a variety of other consumer products for retail sale.
The profits will be used to increase her savings, as well as to purchase one or two head of sheep.
Madame Fatoumata (assise dans la première rangée à l’extrême droite), est l’emprunteuse vedette du groupe. Elle est âgée de 55 ans, mariée et mère de 07 enfants dont 01 fille et 06 garçons. Elle est vendeuse de divers produits de consommation courante. Son activité consiste à l’achat en gros de savon par carton pour la revente au détail dans son village et dans le marché hebdomadaire.
Avec son nouveau prêt, elle veut acheter cinq cartons de savon à 10 000 Frs CFA le carton et divers produits de consommation courante pour la revente au détail.
Les bénéfices, elle compte accroître son épargne d’une part et d’autre part acheter un ou deux moutons.
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