Standing on the right in the photo and raising her hand, the featured borrower Amy is 42 years old. She is married and mother to 2 boys and 3 girls.
With the loan received, she is going to buy 2 barrels of groundnuts at 25,000 frs each and 5 barrels of mil [African cereal] at 15,000 frs each. She resells the mil at 20,000 frs per barrel of mil and 26,000 frs per barrel of groundnuts.
With the profits generated she is going to pay the interest, strengthen her savings and improve the needs of her family especially those of her children by taking care of their schooling.
Ce groupe a été crée le 23 Mai 2002. Il est composé de femmes habitant la même zone et exerçant la même activité qu'est le petit commerce.
Debout à droite de la photo et levant la main, la vedette Amy est âgée de 42 ans. Elle est mariée et mère de 02 garçons et 03 filles.
Avec le prêt reçu, elle va acheter 02 barriques d'arachide à 25 000 frs l'unité et 05 barriques de mil à 15 000 frs l'unité. Elle revend le mil à 20 000 frs la barrique de mil et 26 000 frs celle de l'arachide.
Avec les bénéfices générés elle va payer ses intérêts, renforcer ses épargnes et améliorer les besoins de sa famille surtout ceux de ses enfants par la prise en charge de leur scolarité.
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