The group is made up of 33 women who live in the same village and share the values of solidarity and helping one another. They are mainly small business owners.
Madame Kancou (raising her hand in the right of the photo) is the group representative. She is 52 and married with two daughters and one son. She buys food products in bulk from the weekly markets and resells them at retail prices at her small shop in the village
With her new loan, she plans to buy a tin of palm oil for 20 000 F CFA, one bag of sugar for 25 000 F CFA, three bags of rice for 13 000 F CFA per bag, one bag of onions for 10 000 F CFA, and some broth.
The income from this will allow her to increase her savings and to contribute to her children's school costs.
Il est composé de 33 femmes qui vivent dans le même village, elles partagent les valeurs de solidarités et d’entre aides. Elles ont comme activité principale le petit commerce.
Madame Kancou (levant la main à droite sur la photo), est la représentante du groupe. Elle est âgée de 52ans, mariée et mère de trois enfants dont deux filles. Son activité consiste à l’achat de produits de consommation courante en gros dans les marchés hebdomadaires pour la revendre au détail dans sa petite cantine au village.
Avec son nouveau prêt elle compte acheter un bidon d’huile de palm à 20 000 F CFA, un sac de sucre à 25 000 F CFA, trois sacs de riz à 13 000 F CFA le sac, un sac d’ognon à 10 000 F CFA et des bouillons.
Les bénéfices de cette activité serviront à accroître son épargne d’une part et d’autre part à prendre en partie les frais scolaires de 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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Success!! The loan was 100% repaid