Yandé, standing up at the right of the photo and raising her hand, is 60 years old. She is a widow and mother of two boys and one girl. As her main activity, she works in trade.
In effect, with the loan received, she is going to buy one basket of fish, costing 50,000XOF, and 100kg of millet.
She will use the profits generated to reinforce her savings and to buy rice to prepare for winter.
Yandé debout à droite de la photo et levant la main est âgée de 60nas. Elle est veuve et mère de 2 garçon et 1 fille. Elle exerce comme activité principale le commerce.
En effet avec le prêt reçu elle va acheter 1 panier de poisson fumé à 50 000f et 100kg de mil.
Les bénéfices générés lui serviront à renforcer ses épargnes et à acheter du riz pour préparer la période hivernale.
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