The group is composed of highly experienced women in the program, as well as some who are newly arrived. The women are all very active in their work: small-scale commerce. They all live in the same district, and this favors good relations and great solidarity in the group.
Haby (standing in the back at the right with her hand raised and wearing a sky-clue 'boubou') is the group's representative. She is married and the mother of a girl and five boys. She sells clothing, especially wax cloth and women's shoes made locally. She purchases her goods in the capital and then resells them in her village on credit, payable in two monthly payments.
For this new loan, she intends to stock up on just wax cloth in 60-yard lengths that she will resell at 1,000 francs CFA per yard.
With the profits, she would like to build up her savings enough to benefit from a much larger loan, so as to expand her business and do better in caring for her children.
Le groupe est composé de femmes très expérimentées dans le programme ainsi que de quelles que nouvelles venues. Elles sont toutes très actives dans leur activité : le petit commerce.
Elles habitent toutes le même quartier, ce qui favorise une bonne entente et une grande solidarité dans le groupe.
Haby (debout au fond à droite levant la main, en boubou bleu ciel), est la représentante du groupe.
Mariée et mère d’une fille et de cinq garçons, elle est vendeuse d’articles vestimentaires, notamment des chaussures pour femmes de fabrication locale et des tissus wax.
Elle achète sa marchandise à la capitale pour la revendre dans son village à crédit payable en deux mensualités.
Pour ce nouveau prêt elle compte s’approvisionner uniquement en tissus wax en coupon de 60 yards qu’elle revendra à 1 000 FCFA le yard.
Avec les bénéfices, elle désire constituer une épargne assez importante en vue de bénéficier d’un crédit beaucoup plus important pour agrandir son commerce et améliorer la prise en charge 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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