Maguette is the representative of the group and raised her hand in the photo. She is married and mother to 4 children and one who is entrusted to her. Her oldest is 14 years old and her youngest is 8 years old. She sells fruit and has good experience in this domain. With her loan she plans to buy 400 kg of melons, 100 kg of mandarins, 400 kg of mangoes, and 200 kg of oranges. She displays her merchandise on a table at the market.
With her profits she takes care of the school needs of her children and pays for the family's food.
Avec ses Bénéfices elle prend en charge les besoins scolaires de ses enfants et paie la nourriture a 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