Mrs. MBAYANG G. (the women on the left with her hand raised) is the leader of the group. She is 53 years old, married and has 10 children.
She has a small business of selling fresh fish. She is the main supplier of fish for the village.
The new loan of 200,000 CFA francs will allow her to finance her business of selling fish.
Her goal is to help her husband with the family expenses by paying for their food and for their children's school supplies.
Madame MBAYANG G. (debout à l’extrême gauche de la photo et levant la main) est responsable du groupe. Elle est âgée de 53 ans. Elle est mariée et mère de 10 enfants.
Elle fait u petit commerce, elle vend précisément des poissons frais. Elle est la principale fournisseuse de poissons dans le village.
Le nouveau crédit de 200.000 francs CFA lui permettra de financer son activité de vente de poissons
Son objectif est de soutenir son mari dans la prise en charge de la famille en participant à la prise en charge de la nourriture et au payement des fournitures scolaires des enfants.
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