Fatoumata Boula's Group
Mrs. Fatoumata (standing on the far right), is the star borrower of the group. She is a married mother of four, one of whom is a girl. She is in retail: peanut butter, green tea, powdered sugar. She also makes beignets which she sells in the village. She enjoys her good experiences from her businesses, since she has been doing this for several years.
With her new loan, she is going to buy 5 kg of flour, oil, sugar, and 10 kg of peanut butter to resell. The profits will allow her to meet the needs of her family, especially when it comes to paying for school.
Madame Fatoumata (debout à l’extrême droite), est l’emprunteuse vedette du groupe. Elle est mariée, mère de quatre enfants dont une fille. Elle s’active dans le commerce de détail : pâte d’arachide, thé vert, sucre en poudre, elle fait aussi des beignets qu’elle vend dans le village. Elle jouit d’une bonne expérience dans ses activités pour les avoir pratiqués depuis plusieurs années.
Avec son nouveau prêt elle va acheter 05 Kg de farine ; de l’huile, du sucre et 10 Kg de pâte d’arachide pour la revente.
Les bénéfices lui permettront de subvenir aux besoins de sa famille surtout dans le cadre de leur scolarité.
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