Sope Serign Mbacké Sokhna Lo Group
Madame Astou (standing at the left in the photo) is responsible for the solidarity group. She is 63 years old, married, and the mother of 9 children. For several years she has been developing a small business trading grains. With her new loan, she will procure merchandise (peanuts and millet) which she will resell at the small market in her village.
With these profits she will be able to pay for her children's school supplies as well as for clothing for religious festivals.
Madame Astou (debout à gauche de la photo) est responsable du groupe de solidarité. Elle âgée de 63 ans. Elle est mariée et mère de 09 enfants.
Elle développe une activité de petit commerce de céréales depuis plusieurs années
Avec son nouveau crédit elle va se procurer de la marchandise (arachide et mil) qu 'elle va revendre au niveau du petit marché de son village.
Avec ses bénéfices elle parvient à payer les fournitures scolaires pour ses enfants mais également des habits lors des fêtes religieuses.
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