This group is 14 years old. The members that make it up work in perfect collaboration. Their main business is trade and livestock fattening. Amy, standing up at the right of the photo and raising her hand, is 66 years old. She is married and the mother of seven children (four boys and three girls).
With the loan, she is going to buy 15 sheep for 20,000XOF each. To fatten them quickly and efficiently, she is buying livestock feed in order to sell them for 50,000XOF each after four to five months.
She will use the profits to take care of her medical expenses and those of her children and grandchildren. At times she also manages the daily spending and school fees of her children.
Ce groupe est âgé de 14 ans. Les membres qui le composent, travaillent en parfaite collaboration. Leur principale activité est le commerce et l'embouche. Amy, debout à droite de la photo et levant la main est âgée de 66 ans. Elle est mariée et mère de 7 enfants dont 4 garçons et 3 filles.
Avec le prêt, elle va acheter 15 moutons dont l'unité à 20 000f, pour engraisser vite et bien les sujets elle achète des aliments de bétail, afin de vendre au bout de 4 à 5 mois à 50000f l'un.
Les bénéfices lui servent à prendre en charge ses frais médicaux et celui de ses enfants et petits enfants. Elle gère par moment aussi la dépense quotidienne et les frais scolaires des enfants.
About CAURIE Micro Finance
The 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.