Mrs. Codou is a widow aged 50 and the mother of seven children, two girls and five boys, all attending school. She has been active in the trade of used clothing for nearly 20 years and has a good experience in this field. She is standing at the far left of the photo raising her hand and dressed in a white and blue boubou.
Her new credit loan of 500,000 FCFA will enable her to buy bales of cloth she will sell at retail prices in her neighborhood's market. The profits generated by her business will allow her to take care of her children's educational, nutritional and health-related needs.
Madame Codou est une veuve âgée de 50 ans et mère de 7 enfants dont 2 filles et 5 garçons, tous scolarisés.
Elle s'active dans le commerce de friperie depuis bientôt 20 ans et dispose d'une bonne expérience dans ce domaine.
Elle est debout à l’extrême gauche de la photo la main levée habillée en grand boubou bleu blanc.
Son nouveau crédit de 500,000 francs cfa lui permettra d'acheter des balles de tissus qu'elle va revendre au détails au niveau du marché de son quartier.
Les bénéfices réalisés par son activité lui permettront de prendre en charge les besoins alimentaires scolaires et sanitaires 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