Ms. Coumbayel (sitting all the way on the right in the second row), is the featured borrower. She is 51 years old, married, and has five children, two of whom are girls. Her activity consists of buying rice and oil, which she resells in town, and vegetables, which she sells at the weekly markets.
With this loan, she intends to buy bags of rice, onions, and oil for resale at retail in town.
The profits will serve to help her husband in providing for the family's daily needs.
Madame Coumbayel (assise à l’extrême droite dans la seconde rangée) est l’emprunteuse vedette. Elle est âgée de 51 ans, est mariée et mère de cinq enfants dont deux filles. Son activité consiste l’achat de riz et d’huile qu’elle revend au village et de légumes qu’elle vend dans les marchés hebdomadaires.
Avec ce prêt, elle compte acheter des sacs de riz, d’ognon, de l’huile pour la revente au détail au village.
Les bénéfices lui serviront d’aider son mari dans la gestion quotidienne 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