The featured borrower is Fatou, age 57, seen standing at the far right in the photo with her hand raised. She is a married mother of six girls and two boys.
She will use her loan to buy pearls in different colors to make jewelry. As a secondary activity, she also sells brooms and various other items.
She plans to use her profits to pay the interest on her loan, bolster her savings, and provide for the needs of her children.
Ce groupe a été crée le 24 octobre 2007. Les 36 membres qui composent le groupe habitent toutes la communauté rurale et fréquentent les mêmes marchés.
Debout à droite de la photo et levant la main, la vedette Fatou est âgée de 57 ans. Elle est mariée et mère 6 filles et 2 garçons.
Son prêt reçu, elle achète des perles de différentes couleurs et fabrique des bijoux. En parallèle, elle vend des balais et d'autres menus articles.
Avec les bénéfices elle paie ses intérêts, renforce ses épargnes et améliore les besoins de sa progéniture.
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