Sop Serigne Babacar Group
Ms. Astou, the group’s official, is 43 years old, married, and the mother of one child, plus she has her niece in her care. Astou’s main business involves commerce in fabrics. She has 25 years of experience; she is the one standing at the right, behind the woman sitting down, and she is dressed in green 'wax' cloth.
She gets her supplies (‘wax’ cloth, sheers, damask, silk...) from cities and resells them in the village. She would like to use her loan to augment her supply of fabrics in order to make much more income.
Astou really plans on making her capital grow, so as to make good profits and thus to improve her family’s living conditions, especially regarding food and healthcare.
Madame Astou la responsable est âgée de 43 ans, elle est mariée mère d'un enfant et a en charge une nièce, son activité principale est le commerce de tissus et elle a une expérience de 25 ans; sur la photo elle est debout à droite derrière la femme assisse et habillée en wax vert.
EllE s'approvisionne dans les villes en ( wax, voile, bazin, soie....)et revend dans le village.
Elle souhaite avec son prêt augmenter les tissus afin de se faire beaucoup de revenus.
Elle compte bien fructifier son capital afin de réaliser de bons bénéfices et ainsi améliorer les conditions de vie de sa famille surtout pour la nourriture et la santé.
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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