The solidarity group Diappo Liguey was created on 21 December 2009. It comprises eight women who all come from the same area. Their main activity is business. Standing on the right in the photo with her hand raised, the group leader is married and has nine children. She is 49 years old and sells various food items at her store. With her loan, she intends to buy various products, namely rice, sugar, soap, biscuits, sweets, and detergents. The profits generated from her business will allow her to support her children in their education and ensure that they are well fed.
Le groupe de solidarité de Diappo Liguey a été crée le 21/12/2009. Il est composé de 08 femmes toutes issues du même quartier. Elles font comme activité principale le commerce. Debout à droite de la photo et levant la main, la responsable du groupe est mariée et mère de 09 enfants. Elle est âgée de 49 et fait du commerce, elle vend divers produits alimentaires dans sa boutique. Avec son prêt elle compte acheter divers produits à savoir du riz, du sucre, du savon, des biscuits et bonbons et des produits de détergents. Les bénéfices générés lui permettront de soutenir ses enfants dans leurs études et leur assurer une bonne alimentation .
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.