Mberry (highlighted in an inset, on the far right of the picture) is the group's featured borrower. She is a very respected leader of the "banc villageois" and, despite her advanced years, sells juice and monkey bread- and hibiscus-based ice cream in her district, which she has been doing for over 20 years. She is a widow and takes care of her 2 nieces. Her new loan will enable her to buy 4 bags of monkey bread (4 000 francs each), a bag of hibiscus flowers (5 000 francs), a bag of sugar (20 000 francs) and other ingredients needed to make juice and ice cream. She plans to use the profits generated by her business to cover the daily expenditures and her family's maintenance costs.
Madame Mberry (debout, en médaillon à l’extrême droite), est l’emprunteur vedette du groupe. Elle est un leader très respecté dans le banc villageois, malgré son âge avancé elle est vendeuse de jus et crème glacée à base de pain de singe et de bissap dans le quartier depuis plus d’une vingtaine années. Elle est veuve, elle prend en charge deux de ses nièces.
Son nouveau prêt lui permettra d’acheter quatre sacs de pin de singe à 4 000 FCFA l’unité, un sac de bissap à 5 000 FCFA, un sac de sucre à 20 000 FCFA et autres produits alimentaires entrant dans la préparation des jus et crème glacée.
Avec les bénéfices réalisés, elle compte assurer la dépense quotidienne et les frais de gestion de la famille.
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