Mrs. Aramata (standing at the far right) is the featured borrower. She is married and has three children. She buys agricultural products or fresh produce from the weekly markets for resale in her village. She has been conducting this activity for more than seven years.
This new loan will enable her to boost her business by acquiring new stocks of food and agricultural products.
With the profits she intends to contribute significantly to her family's needs.
Madame Aramata (debout à l’extrême droite) est l’emprunteuse vedette. Elle est mariée et mère de trois enfants. Elle achète des produits tirés de l’agriculture ou du maraichage dans les marchés hebdomadaires pour la revente dans son village. Cette activité elle l’a pratique depuis plus de sept ans.
Ce nouveau crédit lui permettra de relancer son activité par l’acquisition de nouveaux stocks de produits agricole et alimentaire.
Avec les bénéfices, elle compte contribuer de manière significative à la 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