Amy, 38 years old (the one standing on the right raising her hand in the photo), is married and mother of six: four sons and two daughters. She also has one other child in her care. Her main line of work is raising sheep. She has completed three cycles already.
With this loan, she [will] buy one calf to raise and, once it reaches maturity, to sell at the weekly market. She will also buy a sheep to fatten and resale. She will use the remainder of the funds for her work as a vendor, an additional business activity. After paying off her loan, she will have a profit allowing her to take care of her children, repair her house and contribute to everyday family expenses.
Amy, âgée de 38 ans, debout à droite de la photo et levant la main est mariée et mère de 06 enfants dont 04 garçons et 02 filles et un autre enfant en charge. Sa principale activité est l'embouche bovine. Elle fait cette activité depuis 03 cycles.
Avec le prêt, elle achète 01 veau qu'elle élève, arrivé à maturité, elle le revend dans les marchés hebdomadaires. Elle achète aussi un mouton qu'elle élève pour ensuite le revendre. Avec ce qui reste de l'argent, elle fait une activité parallèle à savoir le petit commerce.
Après avoir payer son prêt, les bénéfices lui permettent de s'occuper du bien être de ses enfants, de la reconstruction de sa maison et participe dans la dépense quotidienne de la famille.
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