Tonia Foo De Solico Group
Mrs. Lao (standing at the far right) is the head of the group. She is 53 years old and married with six children. She also looks after five of her grandchildren. She sells various food items such as tea, sugar, cola, etc. and has been doing this work for several years.
She will use her new loan to stock up on tea, sugar, and other food items for resale. The profits earned will allow her to provide for her family (clothing, healthcare, education and food).
Madame Lao (debout à l'extrême droite)est responsable de groupe, elle est âgée de 53 ans, est mariée et mère de 06 enfants, elle prend aussi en charge 05 de ses petits enfants. Elle est vendeuse de divers produits alimentaires (thé, sucre, kola, ... Ce travail elle le fait depuis plusieurs années.
Son prêt lui permettra d'acheter du thé, du sucre et autres produits alimentaire pour la revente.
Les bénéfices lui permettront d’assurer les besoins familiales (habillement, santé, scolarité, nourriture).
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