Jam Bugum 3 Group

Having come together as a group, these five illiterate women used their first loan of 500 000 CFA to start a business raising cattle in their village. Two (2) other loans of 500 000 CFA allowed them to increase their production capacity. Each of the women are given one ox which she raises alone. The income drawn from this business serves to improve the daily meals and pay for the medical costs of their children.

Translated from French by Vilas Menon, Kiva Volunteer

Regroupées au sein d'un groupement ,ces cinq femmes analphabetes ont avec un premier pret de 500000f cfa demarré une activité d'embouche bovine dans leur village.Deux (2) autres successifs de 500.000f cfa leur ont permis d'augmenter leur capacité de production .Chacune d'elle bénéficie d'un boeuf qu'elle embouche seule.Les revenus tirés de l'activité servent à amelliorer les repas quotidiens payer les frais médicaux des enfants.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more