Madame Maoundé (at the far right) is 65 years old and in charge of the group. She is married with two children. She sells fruits and vegetables at the Diaobé Market. Having practiced this trade for more than six years, she is very experienced. With her new loan she intends to purchase mangoes in order to resell them at market.
The profits from this business will allow her to assist her husband in managing the household expenses and school fees of her small children.
Madame Maoundé âgée de 65 ans (debout à l’extrême droit) est responsable du groupe. Elle est mariée et a deux petits fils en charge.
Elle vend des fruits et légumes au marché hebdomadaire de sa localité. Elle a une bonne expérience de cette activité pour l’avoir pratiqué pendant plus de six ans.
Avec son nouveau prêt elle compte acheter des mangues pour la revente au marché.
Les bénéfices de cette activité lui permettront d’aider son mari dans la prise en charge des frais alimentaires et scolaires de ses petits 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