The Mboolo solidarity group has been created on December 28, 2011. It is composed of 21 women from the same area who organized a group together based on friendship and affinity. They all work as vendors. Fama, standing on the right in the photo, is the group’s leader. She is 36 years old. She is married and the mother of two. She sells couscous. With her loan she is going to expand her stock of millet, which she uses to prepare couscous for sale. Her revenues will allow her to help her husband support the family.
Le groupe de solidarité Mboolo a été créé le 28 décembre 2011.Il est composé de 21 femmes issues de la même localité elles se sont unies par affinité, par amitié. Elles exercent la même activité de petit commerce. Fama debout à droite sur la photo est la responsable du groupe. Elle est âgée de 36 ans. Elle est mariée et mère de 02 enfants. Elle fait le commerce de couscous. Avec son prêt reçu, elle va augmenter son approvisionnement en mil pour transformer et vendre le couscous. Ses bénéfices lui permettront de soutenir son mari dans prise en charge des besoins de la famille.
About CAURIE Micro Finance
The 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.