Mrs. Sounkar (seated on the chair on the far right of the photo) is the star borrower of the group. She is 36 years old, married and the mother of three children (2 girls and 1 boy). She buys and retails peanut paste from her house where she has a small cafeteria, an activity she has been conducting for over 2 years.
With this loan, she is planning on getting her supplies from the weekly markets to resell in her village and the surrounding ones.
With 185,000 Francs CFA worth of merchandise (buckets of peanut paste, bags of sugar) it takes her about two weeks to exhaust her stock. She often ends up, 15 days later, with a net profit of 24,000 francs CFA after deducting all her expenses.
The profit from her activity will allow her to save and to cover part of her children’s school fees.
Madame Sounkar (assis sur la chaise à l’extrême droite dans la photo) est emprunteuse vedette du groupe, âgée de 36 ans, elle est mariée et mère de 03 enfant (02 filles et 01 garçon).
Elle achète et revend de la patte d’arachide dans sa maison où elle a une petite cantine, une activité qu’elle fait depuis plus de 2 ans.
Avec ce prêt elle compte s’approvisionner au niveau des marchés hebdomadaires pour revendre en détaille dans son village et les villages environnants.
- Pour une somme de 185 000F Cfa de marchandise (seaux patte d’arachide, sac de sucre) il lui faudra 02 semaines en moyenne pour l’écouler.
Elle se retrouve souvent avec un bénéfice net de 24 000F Cfa/15 jours après déduction de toutes ses charges.
Les bénéfices de son activité lui permettront d’épargner et de prendre en charge une partie de la scolarité 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