Fatoumata Biri's Group
Mrs. Fatoumata (standing on the far right raising her hand in the photo) is the star borrower of the group. She is married and has four children, two daughters and two sons. She is very involved in the banc villeageois activities as well as in her business. She sells everyday goods, in particular sugar, tea and seasonings.
With this loan, she plans to buy wholesale a bag of sugar at 25,000 West African francs, green tea and various stock/broth cubes for to resell them retail.
The revenues derived from her activity will allow to support her children's education and help improve their life conditions.
Madame Fatoumata, (debout à l’extrême droite avec une main levée), est emprunteuse vedette du groupe. Elle est mariée et mère de quatre enfants dont deux filles et deux garçons. C’est une femme très engagée dans les activités du banc villageois de même que dans ses activités génératrices de revenu. Elle s’active dans la vente de produits de consommation courante plus particulièrement le sucre, le thé et les assaisonnements.
Avec ce prêt elle compte acheter en gros au marché central du sucre un sac de 25 000 F CFA, du thé vert et divers bouillons pour la revente au détail.
Les bénéfices de son activité lui permettront d’apporter son soutien à ses enfants dans le cadre scolaire et chercher à améliorer les conditions de vie.
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