Tilene Centrale 2 Ps Group
Ms. Abdoulaye Djiguene, who appears at the right in the photo with her hand raised, is the group's representative. She is a married mother of one boy. She is 60 years old. She is active in dying fabrics. She is going to purchase rolls of fabrics and dye products for her business. She has been in this business for over ten years. She has constructed a glass case to display her work at her house.
With this loan, Ms. Abdoulaye Djiguene is going to purchase 10 rolls of 'simple' damask and 3 rolls of 'riche' damask. She has a loyal customer base. The profits will be used to purchase food and to help cover day-to-day expenses.
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