Ms. Siring (sitting all the way on the right, with her hand raised) is the featured borrower of the group. She processes agricultural products, specifically to make peanut paste, which consists of buying peanuts for shelling and then grilling them to grind into paste.
With this loan, she intends to buy three bags of unshelled peanuts to process and sell.
With the profits, she intends to do her share in providing for her family's needs.
Madame Siring (assise à l’extrême droite avec une main levée) est l’emprunteuse vedette du groupe. Elle fait de la transformation de produits agricoles plus particulièrement la pâte d’arachide qui consiste à acheter des graines d’arachide à décortiquer puis les griller pour les moudre en pâte.
Avec son crédit, elle prévoit d’acheter trois sacs de graines d’arachide non décortiquées pour la transformation et la vente.
Avec les bénéfices, elle compte apporter sa contribution dans la gestion des besoins 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