Ms. Awa (seated at the right in the photo) is the featured borrower. She is 46 years old, married, and the mother of three girls. She operates a market garden growing sweet potatoes, chili peppers…, and she farms peanuts during the rainy season. She has been doing this work since she was very young.
With this loan, she intends to pay for 50 kg of unshelled peanuts at 17,400 francs, shelling fees at 2,000 francs per 50-kg sack, 6 sacks of fertilizer at 17,500 francs each, plowing costs for 10,000 hectares, and weeding costs at 15,000 francs for three runs.
She plans to sell the produce at harvest time in December and January. The profits will enable her to cover day-to-day expenses and health care follow-up for her children.
Madame Awa (assise à droite dans la photo) est l’emprunteuse vedette. Agée de 46 ans, elle est mariée et mère de 03 filles. Elle fait le maraichage patate, piment… et la culture de l’arachide durant la saison des pluies. Ces activités elle les pratique depuis sa tendre jeunesse.
Avec ce prêt elle compte acheter 50 kilogrammes d’arachide non décortiqué à 17 500F Cfa frais de décorticage 2 000 F Cfa par sac de 50 kilos, 06 sacs d’engrais à 17 500F Cfa le sac, de payer les frais de labourage à 10 000 par hectare et 15 000F Cfa de frais de désherbage à trois reprise.
la vente des produits est prévue à la récolte en décembre et janvier.
les bénéfices lui permettront de répondre aux dépenses quotidiennes et le suivi sanitaire de ses enfants.
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