Mrs. Seynabou T. is the leader of the group. She is pictured standing towards the middle of the photograph with her hands on her hips, and her image is reproduced above the crowd. She is 55 years old, she is a widow, and she is the mother of 6 children who are in her care.
She has a small business selling a variety of articles such as fabrics, pearl necklaces, etc.
The sum of 200.000FCFA that she received will be used exclusively for the purchase of merchandise.
With the income that she earns from her small business she will be able to afford the school supplies for her children, food, and in the event of an illness, health care expenses.
Madame SEYNABOU T. debout au milieux de la photo, les mains aux hanches et mise en médaillon est responsable du groupe. Elle est âgée de 55 ans. Elle est veuve et mère de 06 enfants en charge.
Elle pratique le petit commerce plus précisément la vente de produits divers tels des tissus, des colliers en perles etc.
La somme de 200.000 franc CFA qu'elle a reçu en financement seront destinés intégralement à l'achat de marchandises
Avec les bénéfices que son petit commerce va générer elle va prendre payer les fournitures scolaires de ses enfants, la nourriture et éventuellement les frais médicaux en cas de maladie.
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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