Ndeff Leng Group
The proximity of the weekly market located inside the village, contributes greatly to the well-functioning of the group’s commercial activities and that of women in general. It also contributes to the economic development of the village and its surrounding area.
The new solidarity loan will enable the group to strengthen its economic activities and diversify them. Their activities currently include the sale of local grain cereals, sea-food products, ground nuts, and ice cream for those in possession of a freezer.
Mrs Saye D., the president of the solidarity group (on the left of the photo wearing a yellow scarf), is 43 years old, married and the mother of five children. She specialised four years ago in the sales activity of hulled millet grain.
She will use her new loan to increase her production. Her objective is to increase her profits and participate in improving her family’s living conditions, providing food and health and educational coverage for her children.
Despite its regular loan repayments, the solidarity group insists on monthly savings.
Madame Saye D., la présidente du groupe de solidarité, à droite de la photo en écharpe jaune est âgée de 43 ans, elle est mariée et mère de 05 enfants. Elle s’est spécialisée dans la vente de mil décortiqué elle mène cette activité depuis 04 ans. L’objet de son nouveau prêt est de renforcer sa production. Et son objectif est de réaliser plus de bénéfices et participer à l’amélioration des conditions de vie de sa famille par la nourriture et la bonne couverture sanitaire et scolaire des enfants.
Le groupe de solidarité, en sus de ses remboursements réguliers, mobilise mensuellement des épargnes.
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