Ms. Astou (appearing in the cameo in the photo) is the featured borrower of the group. She is married, 56 years old, and a mother of two children: a boy and a girl. Her business involves purchasing sacks of peanuts to process into prepared peanut butter in buckets of 5 and 20 liters. This product is sold at the weekly markets.
With her new loan, she plans on purchasing 10 sacks of peanuts at 13,000 francs CFA each sack and to pay to process them for 15,000 francs. The planned profits would be at least 30,000 francs every two week.
With the profits, she plans on supporting her husband to cover the schooling costs for her two children.
Madame Astou (en médaillon en haut), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 56 ans et mère de deux enfants : un garçon et une fille. Son activité consiste à acheter des sacs d’arachide pour la transformation en patte conditionnés dans des seaux de 5 et 20 litres destiné à la vente dans les marchés hebdomadaires.
Avec son nouveau crédit, elle prévoit d’acheter dix sacs d’arachide à 13 000 F CFA le sac, moyennant de frais de transformation 15000 F CFA. Avec des bénéfices prévisionnels d’au moins 30 000 F CFA tous les 15 jours.
Les bénéfices, elle compte les utiliser pour appuyer son mari dans la scolarisation de ses deux 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