Bokk Xoll Group
Oulimata, standing on the right of the picture with her hand raised, is the group´s leader. She is 62 years old and widowed. She has no children of her own, but is raising a child put in her care by her family. She is an experienced saleswoman who has been selling "nététou" (a local dish) for many years.
This loan will increase Oulimata´s working capital and allow her to restock and develop her business activity. She will use her profits to improve her family´s living conditions - by buying good food and clothes and paying medical bills - and build up her savings.
Madame Oulimata qui est à la droite de la photo levant la main est responsable de groupe. Elle est âgée de 62 ans. Elle est veuve sans enfants mais a en charge un enfant qui lui est confié par ses proches.
Elle s’active dans la vente de "nététou" (un produit alimentaire local) Elle a une bonne expérience dans ce domaine d’activité, qu'elle pratique depuis plusieurs années.
Ce prêt lui permettra de renforcer son capital et de mieux développer ses activités.
Les profits lui permettront d’améliorer les conditions de vie de la famille (santé, nourriture, habillement etc.…) et d’augmenter ses 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