This group is composed of 5 women who live in the same neighborhood, and all involved in activities related to commerce. Rokhaya is the group representative, and can be seen in the photo with her hand raised. She is 63 years old, a widow, and mother of a 40 year old man. She has been involved in the buying and selling of food products from her home since a very young age. She is asking for a loan in order to reinforce her supplies, by purchasing 150 kg of sugar for 87,000 FCFA, 100 L of oil for 85,000 FCFA, 100 kg of "monkey bread" [a fruit from the Boabab tree] for 48,000 FCFA and 40 boxes of soap for 75,000 FCFA. The remaining amount will go to supplement her working capital. Profits from these activities will allow her to cover her living costs and deposit money in a village savings bank.
Ce groupe est composé de 5 femmes qui habitent le même quartier;leur activité principal est le commerce.
Rokhaya est la représentante du groupe,c'est elle qui a levé la main sur la photo.Elle a 63 ans, veuve et mère d'un garçon de 40 ans.Elle fait du commerce de denrée alimentaire dans son domicile. Avec son prêt elle compte renforcer son stock en achetant 150kg de sucre à 87 000f , 100L d'huile à 85 000f, 100kg de pain de singe à 48 000 et 10 cartons de savon à 75 000f et le reste en fond de roulement.Elle fait cette activité depuis toute jeune.
Ses bénéfices lui permettent de se prendre en charge et d'épargner dans le 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.