Apresse Doumassou Group
Mrs. Aminata (sitting at the far right with her hand raised) is the featured borrower from this group. She is a 42-year-old married woman without any dependent children. She has a refrigerator where she keeps the juices that she prepares including bissap (hibiscus flower), pain de singe (baobab fruit) and other local fruit juices.
She will use this loan to buy 30,000 CFAF worth of bags of pain de singe, a sufficient amount of bissap, and one bag of sugar to last through the rainy season.
In addition to covering electricity costs, the profits will allow her to care for her father and add to her savings.
Madame Amiata (assise à extrême droite avec la main) est l’emprunteuse vedette du groupe. Elle est âgée de 42ans, est mariée sans enfant en charge. Elle dispose d’un frigo où elle prépare des jus de bissap, de pain de singe et autres jus dérivés des fruits locaux.
Avec ce prêt elle va acheter des sacs de pain de singe d’une valeur de 30 000 FCFA du bissap en quantité suffisante et un sac de sucre pour éviter la rupture en période hivernale.
En plus de payer l’électricité, les bénéfices lui permettront de prendre en charge son père et d’augmenter son épargne.
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