Ms. Dédia (seated at the far right in the photo with a hand raised) is the featured borrower in the group. Despite her advanced age of 55, she is a very energetic woman. She has a stall where she stocks farm products purchased from the weekly markets, and then she sells them, either retail or by the sack, depending on the product.
With her new loan, she intends to purchase sacks of onions and rice at 10,000 francs CFA and 13,000 francs CFA, respectively.
She plans on using the profits to grow her savings for one thing and also to improve her family's living conditions.
Madama dédia (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Malgré son âge très avancé 55 ans est une femme très dynamique, elle a une cantine où elle stocke les produits agricoles achetés dans les marchés hebdomadaires pour la revente soit par détail ou par sac selon le type de produit.
Avec son nouveau crédit, elle compte acheter des sacs d’ognon et de riz respectivement à 10 000 et 13 000 F CFA.
Elle compte avec les bénéfices accroître son épargne d’une par et d’autre part améliorer les conditions de vie de sa 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