Mame is the group's representative: she is 39 years old, married, and the mother of five children (two boys and three girls). In the photo, she is the woman raising her hand and wearing a flowery green wax-print dress.
With her new loan of 250,000 CFA francs, she will buy the following products: pimento, pepper, salt, "bouillon cubes", milk, coffee and sugar. She will resell her goods for retail, in her village.
The profits from this loan will allow her to help her husband cover some of the family daily needs, such as the purchase of rice and oil.
Elle est la femme qui lève la main sur la photo, elle est habillé en wax vert fleurette.
Son nouveau crédit de 250000 francs cfa lui permettra de payer de la marchandises composée de piment poivre sel bouillon cube du lait du café et du sucre qu'elle va revendre au détail au niveau du village.
Les bénéfices réalisés lui permettent d'aider son mari dans la prise en charge des besoins familiers telles que payer du riz et de l'huile.
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