Fatou Diop's Group
They are very active in their money-earning businesses, in particular small retail. They all live in the same neighborhood, which favors good understanding and solidarity among the group's members.
Mrs. Fatou is the group's featured borrower. She's the one standing on the far right and raising her left hand in the photograph. She's 35 years old and the mother of four children, including one girl. Very rigorous and proactive at work, she sells cosmetics, such as body milk and body perfume. She gets her supplies from wholesalers, and retails for cash and on credit.
She intends to user her new loan to replenish her stock by buying dozens of body milks, body perfumes, and air freshers. The profits generated by her business will enable her to support her young children's education.
Madame Fatou (debout à l’extrême droite avec la main gauche levée) est l’emprunteur vedette du groupe. Elle est mère de 04enfants dont 01fille, elle est âgée de 31 ans. Très rigoureuse et volontaire à la tâche elle vend des produits de beauté à savoir lait corporel et parfum de corps qu’elle achète auprès de fournisseurs pour la revente en détail au comptant ou à crédit.
Avec son nouveau prêt, elle compte renouveler son stock par l’achat de douzaines de lait corporel et de parfum de corps et de chambre.
Les bénéfices tirés de ses activités lui permettront d’assister ses enfants à bas âge dans leur scolarité
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
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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