Mrs. Ramatoulaye (standing on the far right with her hand raised) is the featured borrower. Married and the mother of two boys and four girls, she is 42 years old. She is a very dynamic woman and committed to the proper running of the group.
She sells clothing items: bags, shoes, outfits for men and women and other accessories. She gets her merchandise in the capital by the dozen, for resale at retail prices.
With the new loan, she will buy dozens of shoes at 40,000 CFA francs per dozen, and accessories for women.
With the profits - on average 15,000 CFA francs per dozen sold - she plans to strengthen her savings and improve her family's living conditions.
Madame Ramatoulaye (debout à l’extrême droite avec une main levée) est l’emprunteuse vedette. Mariée et mère de deux garçons et quatre filles, elle est âgée de 42 ans. C’est une femme très dynamique et engagée dans la bonne marche du groupement. Elle est vendeuse d’articles vestimentaires : sacs, chaussures, tenues hommes et femmes et autres accessoires. Elle se procure la marchandise à la capitale par douzaine pour la revente au détail.
Avec son nouveau prêt, elle va acheter des douzaines de chaussures à 40 000 Frs CFA la douzaine, des accessoires pour femmes.
Avec les bénéfices, en moyenne 15 000 Frs CFA par douzaine vendue, elle pense renforcer son épargne et améliorer les conditions de vie de sa 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