Standing at the far right in the photo, Diènaba is the featured borrower. She is 38 years old, married, and the mother of four children (one boy and three girls). She sells clothing: handbags, shoes, and fabrics that she purchases wholesale in order to sell retail.
This new loan will enable her to purchase 10 handbags at 3,000 francs CFA each, a roll of cloth at 70,500 francs, and 10 pairs of shoes at 2,000 francs a pair. These goods will be sold respectively at 6,000 francs, 12,500 francs for 6 meters, and 3,500 francs a pair of shoes.
With the profits, she plans on improving her family's living conditions by acquiring a refrigerator, as well as by covering her children's schooling costs.
Debout à l’extrême droite, madame Diènaba est l’emprunteuse vedette, elle est âgée de 38 ans, est mariée, mère de 04 enfants (01 garçon et 03 filles). Elle est vendeuse d’articles vestimentaires : sac, chaussures, tissus qu’elle achète en gros pour la revente en détail.
Ce nouveau prêt lui permettra d’acheter 10 sacs à 3 000 FCFA l’unité, un rouleau de tissu à 70 500 FCFA, 10 paires de chaussures à 2000 FCFA par paire. Ces articles seront vendus respectivement 6 000 FCFA, 12 500 FCFA les 06 mètres et 3 500 FCFA la paire de chaussure.
Avec les bénéfices qu’elle compte améliorer les conditions de vie de sa famille par l’acquisition d’un frigo d’une part et d’autre part assuré 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