Ms. Fatou (standing at the far right with her hand raised) is the featured borrower of the group. She is 52 years old and a married mother of one boy. She is active in selling fresh vegetables (carrots, cabbage, turnips, …) and a variety of other condiments that she purchases at the weekly market. Then she sells the good at the retail level in the village.
With her new loan, she intends to purchase 2 baskets of eggplant, 2 pails of peanut butter at 24,000 francs CFA, and a 20-liter container of refined oil at 15,000 francs to resell in the village.
Her profits will be used to bolster her savings and to improve her family’s living conditions regarding nourishment and healthcare.
Madame Fatou (debout à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, âgée de 52 ans et mère d’un garçon. Elle s’active dans la vente de légume frais (carotte, chou, navet…) et divers autres condiments qu’elle achète à l’occasion de la tenu du marché hebdomadaire pour la revente au détail dans le village.
Avec son nouveau prêt, elle compte acheter deux paniers d’aubergine, deux seaux de pâte d’arachide à 24 000 F CFA, un bidon d’huile raffinée de 20 litres à 15 000 F CFA pour la revente au village.
Ses bénéfices, lui servent à renforcer son épargne et d’améliorer les conditions de vie de sa famille sur le plan de la nourriture et sanitaire.
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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