Mame Coumba's Group
Her new loan of 85,000 XOF will allow her to buy fabric in Dakar to resell at retail in her neighborhood. The profits from her business will allow her to manage her personal expenses and increase her capital.
Son nouveau crédit de 85000 lui permettra de se procurer des tissus à Dakar pour les revendre au détail dans son quartier.
les bénéfices de son activité lui permettent de gérer les dépenses personnelles et de renforcer son capital.
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