Rockhaya, standing on the right side of the photo with her hand raised, is 55 years old and married. She is the mother of 5 children, 2 boys and 3 girls.
Rockhaya is a tanner. With this loan, she hopes to buy sheep, goat, or cow skins (1,500 skins per month a 500 francs each) that she will tan and then sell to shoemakers.
With the profits, she will improve the life of her family and pay for her children's schooling and their clothing. The profits will also allow her to pay the interest [on the loan] and increase her savings.
Rockhaya, âgée de 55 ans, debout à droite de la photo et levant la main, est mariée à mère de 05 enfants, deux garçons et 03 filles. Elle fait de la tannerie.
Avec le prêt, elle compte acheter des peaux de moutons, de chèvres ou de bœufs (1500 peaux par mois à 500 F l'unité) qu'elle tanne pour ensuite les vendre au cordonniers.
Avec les bénéfices, elle améliore le quotidien de sa famille; paie la scolarité des enfants et leur habillement, mais aussi ces bénéfices vont lui permettre de payer ses intérêts et d'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