Ndeye Awa's Group
Ms. Awa has been doing commerce in diverse products and processing goods for several years allowing for experience in this domain.
With her new loan of 60,000 francs, she is going to purchase cloth; and fruit and some hibiscus flowers in order to process into juices.
The profits enable her to bolster her business fund and to pay for her children's schooling and food.
Les bénéfices lui permettent de renforcer son fonds de commerce et de prendre en charge les frais de scolarité et la nourriture 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