Fatou Pathe's Group
Standing to the right of the photo, Fatou is the featured borrower and is 60 years old. She is a widow and mother to 8 children of whom 4 are boys.
With the loan she received, she is going to buy a package of biscuits at 2,000 frs, a package of candy at 400 frs, a kg of pepper at 200 frs, and a kg of onions at 500 frs.
Upon reselling she makes a profit of 500 frs for the candy, and 700 frs for the rest.
The profits will be used to buy cattle to raise and later resell for the needs of the family.
Ces deux femmes font partie du grand groupe de Banc Villageois qui a été crée le 13 Décembre 2008. Elles habitent le même village et exercent la même activité qu'est le petit commerce.
Debout à droite de la photo, Fatou la vedette est âgée de 60 ans. Elle est veuve et mère de 08 enfants dont 04 garçons.
Avec le prêt reçu, elle va acheter le sachet de biscuits à 2000 frs, le sachet de bonbons à 400 frs, le kg de piment à 200 frs, celui de l'oignons à 500 frs.
A la vente elle gagne en terme de bénéfice 500 frs pour les bonbons, et 700 frs pour le reste.
Les bénéfices sont utilisés pour acheter du bétail à élever et revendre après pour les besoins de la famille.
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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Success!! The loan was 100% repaid