Mrs. Mame (seated to the extreme right) is the leading entrepreneur of the group. She is 44 years old, married, and the mother of five children (four girls and one boy). She buys palm oil in 20-liter barrels at the city's central market, and then sells it in her district in one-liter and quarter-liter bottles.
Her new loan will allow her to buy three 20-liter barrels of oil at 16,000 FCFA which she will sell at 1,000 per liter and 250 per quarter-liter.
With the profits that she makes she plans to increase her savings as well as help her husband with family expenses.
Madame Mame (assise à l’extrême droite) est l’emprunteuse vedette du groupe. Elle est âgée de 44 ans, elle est mariée et mère de 05 enfants (04 filles et 01 garçon). Elle est vendeuse d’huile de palm qu’elle achète en bidon de 20 litres au marché central de la ville pour la revente dans son quartier en bouteille d’un litre et d’un quart de litre.
Son nouveau prêt lui permettra d’acheter 03 bidons de 20 litres à 16 000 FCFA qu’elle revendra respectivement à 1 000 FCFA le litre et 250 FCFA le quart de litre.
Avec les bénéfices elle compte augmenter son épargne d’une part et d’autre part aider son mari dans les charges familiales.
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