Coudy, aged 51, is standing to the right and raising her hand in the picture. She is married and a mother of five children, three boys and two girls. Her main business is the retail of fritters. Her new loan will allow her to buy flower, oil and other ingredients to prepare fritters, which she resells in her village.
Profits will allow her to improve her family’s living conditions and to send her children to school.
Coudy, âgée de 51 ans, debout à droite de la photo et levant la main, est mariée et mère de 05 enfants; 03 garçons et 02 filles. Sa principale activité est le commerce de beignet. Son nouveau crédit lui permettra d'acheter de la farine, de l'huile et des ingrédient pour prépares des beignets qu'elle revend dans son village.
Les bénéfices vont lui permettre d'améliorer les conditions de vie de sa famille et à la scolarisation 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