The group's representative, Aissata, is a 44-year-old married woman and mother of two children (one boy and one girl) who both attend school. She is standing at the far right of the photo, raising her hand, and dressed in white.
Her new loan of 50,000 CFA francs will help her to buy some sets of cups and plates which will be resold for retail in her neighborhood. Her goal is to develop her small business.
With her profits, she will be able to take care of her children's nutritional, medical, and educational needs.
La responsable madame Aissata est une femme mariée âgée de 44 ans et mère de 2 enfants dont 1 garçon et une fille, tous scolarisés. Elle est debout à l’extrême droite de la photo la main levée habillée en blanc .
Avec son nouveau crédit de 50,000 francs cfa elle va se procurer des lots de tasses et d'assiettes qu'elle va revendre au détail au niveau du quartier pour développer son activité de petit commerce.
Les bénéfices réalisés lui permettront de prendre en charge les besoins alimentaires sanitaires et scolaires de ses enfants.
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