Ms. Narrang (sitting at the far right in the photo with her hand raised) is the featured borrower of the group. She is married, 42 years old, and a mother of six children: two boys and four girls. Her work involves purchasing typical consumer products at the weekly markets and selling them in the village.
With her new loan, she intends to purchase a sack of rice at 13,000 francs CFA, 2 sacks of onions at 20,000 francs, some spices and other condiments at 10,000 francs, and 5 liters of palm oil. This task may be carried out again each week.
With the profits, she plans on supporting her husband in meeting the needs of the family.
Madame Narrang (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 42 ans et mère de six enfants : deux garçons et quatre filles. Son activité consiste à acheter des produits de consommation courante dans les marchés hebdomadaires pour la revente au village.
Avec son nouveau crédit, elle compte acheter un sac de riz à 13 000 F CFA, deux sacs d’ognons 20 000 F CFA, des épices et autres condiments pour 10 000 F CFA, cinq litres d’huile de palm. Cette tâche est renouvelable chaque semaine.
Les bénéfices, elle compte les utiliser pour appuyer son mari dans la prise en charges des besoins de 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