The group's representative, Mareme, is a 34-year-old married woman and the mother of two children. In the photo, she is the woman in the left, raising her hand. She has been actively involved in the sale of fabrics for almost ten years.
With her new loan of 300,000 CFA francs, she will buy shoes and bales of clothes, which she will resell for retail in her neighborhood, for cash or on credit.
Profits from Mareme's business allow her to take care of her two children's nutritional, educational and health needs. They also enable her to strengthen her savings with the Banc Villageois.
Les bénéfices réalisés par cette activité lui permettent de prendre en charge les besoins alimentaires scolaires et sanitaires de ses deux enfants mais également des renforcer ses épargnes au niveau du banc villageois.
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