Dédé Kanté is the leader of the group: she is 57 years old, widowed and responsible for four children (three boys and one girl). Market gardening is her main activity and most important source of revenues. Besides this, she sells fish as a second occupation to earn some extra money. She purchases the fish in the villages of Tambacoumba or Adéane and sells them at the market of Adéane at the border of the Casamance River in Senegal. Dédé Kanté is very experienced in this domain. Her daughter supports her in this business.
As a widow, Madame Kanté needs the money from her two activities to cover health and food expenses for herself and the children she's responsible for.
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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