Mbayang, who is pictured standing to the right of the photo with her left hand raised, is 38 years of age. She is divorced, and has one daughter. She works in retail, and plans to use her loan to buy pearls, thread and needles to make necklaces and bracelets. She then sells these items for profit.
Mbayang uses her profits to buy products, which boosts her necklace and bracelet selling business, and she also puts some money aside for her savings.
MBAYANG debout à droite de la photo et levant la main gauche est âgée de 38 ans.Elle est divorcée et mère d'une fille. Elle exerce comme activité le commerce.Avec le prêt reçu elle achète des perles, fils, aiguilles pour confectionner des colliers et des bracelets qu'elle revend pour avoir des bénéfices. Elle utilise ses derniers pour acheter des produits afin de renforcer renforcer son activité de commerce de colliers et de bracelets, mais aussi cotiser des tontines.
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