Ndatté (standing on the far right with her hand raised) is the featured borrower of the group. She is married, 45 years old, and a mother of five children, one girl and four boys. She buys fish at the market and resells them.
With this new loan, she plans to buy 50,000-75,000 francs CFA worth of fish each day, which she will resell to smaller merchants who then sell them in their areas.
She plans to use part of her earnings to support her husband in the schooling of their children and the other part to improve her family's living conditions and increase her savings in the 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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