This group of 20 women joined the Banc Villageois on its first loan cycle and they joined forces through good social and professional relationships. The person in charge of the group, Anta, is a 40-year old married woman who is mother to five children: five boys and two girls, who are all at school. She is standing on the far right of the photo with her hand raised and wearing a blue shawl and a black scarf on her head. Her new 70,000 FCFA loan will enable her to pay for a sack of rice, a 20-liter barrel of oil, condiments and stock cubes, all for resale in her shop. The profits she makes from this business allow her to provide for her children's food, schooling and health costs.
Ce groupe de 20 femmes a intégré le banc villageois depuis son premier cycle et elles sont unies par de bonnes relations sociales et professionnelles.
Le responsable madame Anta est une femme mariée âgée de 40 ans et mère de 5 enfants dont 3 garçons et 2 filles tous scolarisés.
Elle est debout à l’extrême droite de la photo la main levée habillée d'une écharpe bleue et d'un foulard noir sur la tête.
Son nouveau crédit de 70,000 francs cfa lui permettra de se payer un sac de riz, un fut d'huile de 20 litres, des condiments et des bouillons cubes destinés à la revente pour sa boutique.
Les bénéfices réalisés par cette activité lui permettront de prendre en charge les besoins alimentaires scolaires et sanitaires de ses 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.