This group was set up on 2nd December 2008 and is made up of 22 women all from the same village and united by good social and professional relationships. Nogoye is standing on the far right of the photo with her hand raised and wearing a large blue flowery boubou. She is 51 years old, married and mother to eight children: five boys and three girls. She has been active in the cassava business for almost ten years and has good experience in this field. Her new loan of 75,000FCFA will enable her to buy sacks of cassava, which she will resell on a retail basis at the small market in her village. The profits she makes will allow her to pay her children's schooling costs and boost her savings at the Banc Villageois.
Ce groupe a été crée le 02/12/2008, il est composé de 22 femmes issues du même village unies par de bonnes relations sociales et professionnelles.
Madame Nogoye est debout à l’extrême droite de la photo, la main levée, habillée d'un grand boubou bleu fleuri.
Elle est âgée de 51 ans mariée et mère de 8 enfants dont 5 garçons et 3 filles.
Elle s'active dans le commerce de manioc depuis bientôt 10 ans et dispose d'une bonne expérience dans ce domaine.
Son nouveau crédit de 75,000 francs cfa lui permettra d'acheter des sacs de manioc qu'elle va revendre au détail au niveau du petit marché de son village.
Les bénéfices réalisés lui permettront de prendre en charge les frais de scolarité de ses enfants et renforcer ses épargnes au niveau du banc villageois.
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.