Nael, age 49, is standing on the right-hand side in the photo and raising her hand. She is married and the mother of nine children (four boys and five girls). Her main activity is the fattening of cattle. She is using her loan to buy an ox which she will raise for six months and then resell at a weekly market. Additionally, Nael prepares meals. She has been involved in this activity for ten years. After buying the ox, she will use the rest of her money to buy utensils for her food booth.
Her profits allow her to provide for her family, to contribute to her children's education, and to increase her savings.
Nael, âgée de 49 ans, est debout à droite de la photo la main levée. Elle est mariée et mère de 09 enfants dont 04 garçons et 05 filles. Sa principale activité est l'embouche bovine. Avec le prêt, elle achète un bœuf qu'elle élève au bout de 06 mois, elle le revend dans les marchés hebdomadaires. Elle fait aussi de la restauration comme activité parallèle. Elle pratique cette activité depuis 10 ans. Après avoir acheté le bœuf, avec le restant de l'argent, elle achète des ustensiles pour renflouer sa gargote.
Les bénéfices lui permettent d'entretenir sa famille et participe à la scolarisation des enfants. Elle s'en sert aussi pour augmenter son épargne.
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