In the photo, Ms. Ndougour is standing at the left and dressed in red. She does commerce in diverse products. With her new loan of 350,000 francs, she is going to purchase cloth, peanut butter, and some birds for her poultry farming that she is going to sell retail in her district. The profits will enable her to bolster her savings and help her husband with family expenses.
Les bénéfice lui permettent de renforcer ses épargnes et aide son mari dans les charges familiales.
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