Mrs. Fatoumata (standing on the far-right and raising her hand in the photograph) is the group's featured borrower. She's 51 years old, married, and the mother of one girl.
She sells fresh fish and various condiments. She gets her supplies every two weeks from the country's south coast. She retails at the village's market. She has a good experience in this field, where she's been active for several years.
With this new loan, she intends to buy fish for XOF 75'000, and various condiments for XOF 10'000. In addition to bolstering her savings to obtain larger loans, her profits (expected to amount to about XOF 50'000 per two-week period) will enable her to support her husband in taking care of the family's expenses.
Madame Fatoumata (debout à l’extrême droit avec une main levée), est l’emprunteuse vedette. Elle est âgée de 51 ans, est mariée et mère d’une fille. Elle est vendeuse de poisson frais et divers condiments et s’approvisionne dans la côte sud du pays en moyenne tous les quinze jours. La revente se fait au détail dans le marché communal. Elle jouit d’une bonne expérience dans ce domaine pour l’avoir pratiqué depuis plusieurs années.
Avec son nouveau prêt, elle compte se payer du poisson pour 75 000 F CFA et divers condiments aux entours de 10 000 F CFA.
En plus de renforcer son épargne pour bénéficier de prêt plus important, les bénéfices tournant autour de 50 000 F CFA par quinze jours pour ses deux activités lui permettront de soutenir son mari dans les charges de la famille.
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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Success!! The loan was 100% repaid