Madame Diénaba (seated on the chair at right) is the lead borrower of the group. She is 49, married, and has three children (two boys and a girl). For more than two years, she has been buying and reselling peanuts.
She will use the loan to buy supplies at the weekly markets. She will then resell for retail in her village and in neighboring villages. It takes her 30 days on average to sell 400 000 F CFA worth of goods (bag of 50kg).
After 30 days, she often finds herself with a net profit of 35000 F CFA after all her expenses have been taken out.
The income from her business will allow her to save money, pay for a portion of her children's schooling, and support her husband at home.
Madame Diénaba (assis sur la chaise à l’extrême droite dans la photo) est emprunteuse vedette du groupe, âgée de 49 ans, elle est mariée et mère de 03 enfant (02 garçons et 1 fille).
Elle achète et revend de l’arachide en graine, 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 400 000F Cfa de marchandise (sac de 50kg) il lui faudra 30 jours en moyenne pour les écouler.
Au bout des 30 jours Elle se retrouve souvent avec un bénéfice net de 35 000F Cfa 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 et de soutenir son marie dans la maison.
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