Mrs. Souracata (seated at the far right, with her right hand raised) is the starring borrower. She is a widow and has two of her daughters and one boy in her care. Very determined in her tasks and activities, she is an ice seller in her neighborhood, also delivering [for] several local bakeries.
Her new loan will allow her to diversify her business by adding the sale of ice cream. The profits will allow her to meet the consumption needs of her family and to strengthen her business.
Madame Souracata, (assise à l’extrême droite avec la main droite levée), est l’emprunteuse vedette. Elle est veuve et en a charge 02 de ses filles et un garçon. Très déterminée dans ses tâches et activités, elle est vendeuse de glace dans son quartier, elle livre aussi certaines boulangeries de la place.
Son nouveau prêt va lui permettre de diversifier son activité en y ajoutant la vente de crème glacée.
Les bénéfices lui permettront de subvenir aux besoins de consommation de sa famille et à renforcer son activité.
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