The group's representative, Fatoumata, is a 50-year-old married woman and the mother of ten children (five boys and five girls). In the photo, she is sitting at the far left, wearing a green flowery dress and raising her hand. She has been actively involved in commerce for a long time, selling fabrics.
With her new loan of 100,000 francs, she will be able to buy various fabrics, which she will resell for retail in her neighborhood.
Profits from Fatoumata's business allow her to take care of her children's financial, nutritional and educational needs. They also enable her to strengthen her savings with the Banc Villageois.
Son responsable Madame Fatoumata est une femme mariée agée de 50 ans et mère de 10 enfants dont 5 garçons et 5 filles. Elle assise à l’extrême gauche de la photo la main levée habillée d'une robe vert fleurette.Elle s'active dans le commerce de tissus depuis longtemps . Son nouveau crédit de 100000 francs lui permettra de se procurer des tissus divers pour les revendre au détails au niveau de son quartier.
Les bénéfices réalisés lui permettent de prendre en charge les besoins financiers alimentaires et scolaires de ses enfants et de renforcer ses épargnes au niveau du banc villageois.
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