Fatou Ndiaye, age 65, is the group member standing on the right and raising her hand. She is the married mother of seven children, two of them boys. Her main activity is the sale of a local fruit juice made from sorrel and pain de singe (fruit of the baobab tree). She buys sorrel, sugar and pain de singe to prepare the juice that she sells in a school. She has been doing this for over five years, but this activity is now saturated, and the profits are less than satisfactory.
She plans to use her profits to bolster her savings and to buy food for her family.
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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