The leader, Madame Oulèye, is a married woman, 39 years old, and mother of two children (one boy of 13 years and one girl of 11).
She is sitting down in the second row at the far right of the photo, with her hand raised and wearing a large blue and black boubou.
She has been active in the fabric selling business for a long time and has good experience in this area, which comes from having practiced this business for ten years.
With her new loan of 200,000 XOF, she is going to buy rolls of fabric to sell retail in her area. The profits realized through her business will allow her to take care of her children's food, school, and health needs and to strengthen her savings at the village lending group.
Le responsable madame Ouléye est une femme mariée âgée de 39 ans et mère de deux enfants dont 1 garçon de 13 ans et une fille de 11 ans.
Elle est assise au deuxième rang à l’extrême droite de la photo la main levée habillée en grand boubou bleu noir.
Elle s'active dans le commerce de tissus depuis longtemps et dispose d'une bonne expérience dans ce domaine pour le pratiquer depuis dix ans.
Avec son nouveau crédit de 200,000 francs cfa elle va se payer des rouleaux de tissus pour les revendre au détail au niveau de son quartier.
Les bénéfices réalisés par son activité lui permettront de prendre en charge les besoins alimentaires, scolaires et sanitaires 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