Fatou (standing on the far right of the photo with her hand raised) is the group representative. She is 51 years old, married and has one daughter. She sells peanuts.
Fatou will use her loan to buy four sacks of peanuts for 10,000 francs CFA each, plus 10,000 francs CFA for transport costs.
Her intention is to use her profit to help provide for the food, health and schooling needs of her child.
Fatou qui se tient debout a l’extrême droite de la photo et levant le bras est la responsable du groupe. Elle est âgée de 51 ans.Elle est mariée et mère d'une fille.Elle évolue dans le commerce de l'arachide.
Avec son financement,elle compte acheter 04 sacs d'arachide a 10000f l'un et les 10000 constituent les frais de transport.
Les objectifs visés pour son bénéfice sont de contribuer au besoin alimentaire,la santé et la scolarité de ses enfants.
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