Mrs. Banna (seated at the far right) is the group's featured borrower. She is a leader who encourages her friends in their work. She is married and mother of eight children, and also takes care of five of her grandchildren.
Her business activity consists of buying incense and perfume wholesale at the central regional market, and after mixing selling retail in pots of 500 and 1000 FCFA.
With this loan she intends to buy 25,000 FCFA worth of incense, and 15,000 FCFA worth of a variety of perfumes to be mixed prior to retail sales..
She intends to use the profits to improve the family's living conditions and ensure her grandchildren's education..
Madame Banna (assise à l’extrême droite), est l’emprunteuse vedette du groupe, elle est une femme leader qui encourage ses camarades dans le travail. Elle est mariée et mère de huit enfants, elle prend aussi en charge cinq de ses petits enfants. Son activité consiste à l’achat d’encens et de parfum en gros au marché central régional pour la revente au détail en pot de 500 et 1 000 F CFA après mélange.
Avec ce prêt elle compte acheter de l’encens pour 25 000 F CFA une variété de parfum pour 15 000 F CFA pour faire ses mélanges destinées à la vente.
Avec les bénéfices, elle compte améliorer les conditions de vie de la famille et soutenir ses petits enfants dans leur scolarité.
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