Sare Souna Group
Mrs. Moumini (sitting in the first row all the way to the right) is the top borrower of the group. She is 40 years old and married, and the majority of her children no longer depend on her, except her 25-year-old son. She keeps a table in the village where she sells retail tea, sugar, onions, and seasonings. Each day, she buys 40 loaves of bread for 80 FCFA each that she resells for 100 FCFA.
Her new loan will allow her to buy a large quantity of vegetables in the east region of the country to resell in her village and in the weekly markets in neighboring villages.
Her earnings will allow her to increase her sheep livestock and to improve her family's living conditions.
Madame Moumini (assise dans la première rangée à l'extrême droite)est l'emprunteuse vedette du groupe. Elle est âgée de 40 ans, mariée, la majorité de ses enfants ne sont plus à sa charge excepter un garçon de vingt cinq toujours en sa charge. elle détient une table au village où elle vend en détail du thé, du sucre,de l'oignon et des condiments. Chaque jour elle achète 40 pain à 80 FCFA l'unité qu'elle revend à 100 FCFA.
Son nouveau prêt va lui permettre d’acheter en quantité des légumes dans la région Est du pays pour la revente dans son village et les marchés hebdomadaires des villages environnants.
Les bénéfices lui permettront d’augmenter son cheptel de moutons et d’améliorer les conditions de vie de sa famille.
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