Mrs. Lamane (seated at the far right with her hand raised) is the featured borrower. She is a widow and provides partial support to her two sons who are students in the capital. She sells ice cream made from monkey bread (fruit of the baobab tree) and hibiscus.
With her loan she plans to buy three 50-kilo bags of monkey bread (fruit of the baobab) at 7500 FCFA per bag, two bags of hibiscus leaves at 6500 FCFA per bag, two bags of sugar at 25,000 FCFA each and various products used in the preparation of juices and ice creams.
Benefits will serve on the one hand to support her two boys' needs during their university-level studies, and on the other hand to increase her savings so that she can qualify for a larger loan in the future.
Madame Lamane (assise l’extrême droit avec la main gauche levée), est l’emprunteuse vedette. Elle est veuve et prend en charge en partie ses deux garçons étudiants dans la capitale. Elle est vendeuse de crème glacée à base de pin de singe et de bissap. Avec son prêt elle compte acheter trois sacs de pin de singe de 50 kilos à 7 500 FCFA le sac, deux sacs de feuilles de bissap à 6 500 FCFA, deux sacs de sucre à 25 000 CFA l’unité et les divers produits entrant dans le processus de préparation des jus et crèmes glacées.
Les bénéfices lui serviront d’apporter son soutien à ses deux garçons au besoin dans leurs études universitaire d’une part et d’autre part épargné d’avantage pour bénéficier d’un crédit plus considérable dans le futur.
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