Mrs. Ndèye Touti, age 35, is the group's representative. She's the woman raising her hand on the left in the photograph. She's married and the mother of an eight-year-old child who goes to school.
Her new loan of XOF 500'000 will enable her to buy bales of Wax fabric, that she will retail at the central market in her city. The generated profits enable her to pay for her child's education and to strengthen her savings at the Banc Villageois.
La représentante, madame Ndèye Touti est âgée de 35 ans. Elle est mariée et mère d'un garçon scolarisé âgé de huit ans .
Elle est debout à gauche de la photo la main levée. Son nouveau crédit de cinq cent mille lui permettra de se
payer des balles de tissu Wax qu'elle va revendre au détail au niveau du marché centrale de la ville.
les bénéfices réalisés par son activité lui permettent de payer la scolarité de son enfant et de renforcer ses
épargnes au niveau du banc villageois.
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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