Sophie is a 35-year-old single mother of four. She is also responsible for her brothers and sisters, resulting in a family of more than 10 dependents. Sophie is an entrepreneur who has a business selling palm oil, lemon juice, and various types of seafood. With this loan she plans to spend 10,000 XOF to purchase seafood. She will also be able to purchase 20 liters of palm oil and 20 liters of lemon juice. The income she earns from her business will allow Sophie to pay for her family's daily expenses, including their food. It will also permit her to to pay for the children's school tuition.
Sophie âgée de 35 ans est célibataire, elle est mère de 4 enfants. Elle a en charge ses frères et sœurs,une famille de plus de 10 personnes.Elle a comme activité le commerce, elle vend divers produits de fruits de mer, de l'huile de palm, du jus de citron.
Avec le prêt reçu elle compte acheter 20 litres d'huile de palm, 20 litres de jus de citron,et prend une somme de 10 000 pour achat de fruits de mer.
Les bénéfices générées lui permettent d'assurer la dépense quotidienne de la famille, leur nourriture. Elle gère aussi les frais de scolarité des 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