Kounady, who is standing on the right of the photo and raising her hand, is in charge of the group. She is 36 years old, married and lives with her five nephews and nieces, since she does not have any children yet.
She sells ice-cream and fruit juices (hibiscus and monkey bread). She gets her supplies at the market and in the surrounding villages. With this loan, she will be able to get a sufficient quantity of goods to resell. The profits she makes from her business will be used to build up her savings and to help her husband to provide for the family's needs.
Kounady debout à droite de la photo, et levant la main est la responsable du groupe. Elle est âgée de 36 ans. Elle est mariée et vit avec ses 05 neveux et nièces car n'a pas d'enfants encore.
Elle vend de la glace et des jus de fruits ( bissap et pain de singe). Elle s'approvisionne au marché et dans les villages environnants.
Avec ce nouveau prêt, elle pourra s'approvisionner en quantité suffisante pour la revente.
Les bénéfices qu'elle va tirer de son commerce serviront à renforcer son épargne et aider son époux dans la prise en charge des besoins familiaux.
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