Fama is responsible for the group. She's the woman sitting towards the right and raising her hand in the photograph. She's 50 years old, married, and the mother of seven children.
Her business consists in buying seeds, in order to stock them and use them during the rainy season. Thus, with this loan, she intends to buy millet seeds for XOF 25'000, and peanut seeds for XOF 25'000.
Her goal is to provide for her family's needs, increase her savings, and help her husband cover daily expenses.
Fama en position assise sur la droite et levant le bras,est la responsable du groupe,elle est âgée de 50 ans,elle est mariée et mére de 07 enfants.
Son activité consiste à acheter des semences,les stocker pour les utiliser en vue de l'hivernage.
Ainsi,avec son prêt,elle compte acheter des semences de mil pour 25000 f et des graines d'arachide pour 25000f.
Son objectif est de subvenir aux besoins de sa famille,augmenter son épargne et aider son mari dans les dépenses quotidiennes.
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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