Ms. Awa Y. is the group's leader (standing at the right in the photo). She is the most senior of the group. She is 66 years old, a widow, and the mother of seven children. She also has five other children in her care.
Awa purchases cloth to resell in her district and at the market. It's a profitable business just before religious holidays (Korité and Tabaski) and family events (baptisms, marriages, etc.).
With her loan of 65,000 francs CFA, Awa is going to buy larger quantities of cloth for more customers and to increase her profit margin. Her goal is to support her children and to provide for herself.
Awa Y., debout à droite sur la photo est responsable du groupe. Elle est la doyenne du groupe, elle est âgée de 66 ans. Elle est veuve et mère de 7 enfants. Elle a aussi la charge de 5 autres enfants.
Elle achète des tissus pour les revendre dans son quartier et au marché. C’est une activité rentable au lendemain des fêtes religieuses (Korité et Tabaski) et aux cérémonies familières (baptêmes, mariages etc.)
Avec son crédit de 65.000 francs CFA elle va acheter en quantité plus importante des tissus pour plus de clients et augmenter sa marge bénéficiaire.
Son objectif est de soutenir ses enfants et de subvenir à ses besoins personnels.
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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