Mrs. Fatoumata, age 57, (standing at the far right, dressed in white and raising her hand), is the featured borrower from this group. She is the married mother of ten children, three of them girls. She also takes care of two of her grandchildren. She fattens sheep and goats that she buys on Thursdays at the weekly market in the village, and sells them later on. She has extensive experience of over 20 years in this activity. She plans to use this new loan to buy at least four goats at 12,500 FCFA apiece to fatten and sell at a later date.
She will use her profits to support her children and grandchildren' education, and to provide for their clothing, food and sanitary needs.
Madame Fatoumata (debout en blanc à l’extrême droite avec une main levée), est l’emprunteuse vedette. Elle est âgée de 57 ans, est mariée et mère de 10 enfants dont 03 filles et prend aussi en charge deux de ses petits enfants. Elle fait de l’embouche de petits ruminants moutons et chèvres qu’elle achète lors des marchés hebdomadaires du jeudi au village pour les revendre plus tard. Elle jouit d’une bonne expérience dans ce domaine pour l’avoir pratiqué depuis plus d’une vingtaine d’année.
Avec son nouveau prêt elle compte acheter au moins 04 chèvres de 12 500 Frs CFA pièce pour les revendre plus tard.
Les bénéfices lui serviront d’apporter son soutien à la fois à ses enfants et petits enfants en âges de scolarisation, en plus de satisfaire leur besoins en habillement, en nourriture et sanitaire.
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