Awa is 43 years old, married, and a mother of a girl who lives with her.
With this loan, she is going to buy 500,000 francs worth of rice, oil, vegetables, meat, fish, and coffee.
The earnings [from her business] will allow her to increase her savings and to help her husband with the family expenses, such as food and her daughter's school supplies.
Ce groupe composé de 5 femmes ont une bonne cohésion sociale. Elles habitent la même localité
Debout à droite de la photo et levant la main, la représentante Awa est âgée de 43 ans. Elle est mariée et mère d'une fille vivant avec elle.
Avec le prêt reçu, elle va acheter du riz, de l'huile, des légumes, de la viande, du poisson et du café pour une valeur de 500 000 frs.
Les bénéfices générés lui permettent de renforcer ses épargnes et d'appuyer son mari dans les charges familiales comme le ravitaillement et les fournitures scolaires de sa fille qui en formation.
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