Fatou, who is standing on the far left of the photo, is the person responsible for the group. She is married and the mother of seven children including four boys.
She is on her second loan with our institution, and intends to use this loan to buy groundnut seeds for 30,000 francs and millet seeds for 25,000 francs, in preparation for the winter campaign.
Her aim is to cover her children's healthcare costs, increase her savings and contribute towards the family budget.
Fatou en position debout à l'extrême gauche de la photo,est la responsable du groupe,elle est mariée et mére de 07 enfants dont 04 garçons.
Elle est à son deuxiéme prêt avec notre institution,elle compte acheter avec son crédit des semences d'arachide pour 30000f et des semences de mil pour 25000f afin de bien préparer la campagne hivernale.
Son objectif est d'assurer les frais de santé de ses enfants,augmenter son épargne et contribuer dans le budget familial.
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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