Mrs. Danfa (seated on the far right raising her left hand) is the group's featured borrower. She is 45 years of age, and the married mother of three children (two boys and one girl between 10 and 18 years). She buys bags of sweet potatoes and 20-liter cans of palm oil in the weekly markets to be sold retail.
She intends to use this loan to buy two more bags of sweet potatoes at 10,000 FCFA a bag, a can of palm oil for 20,000 FCFA and spices for 7,000 FCFA.
Profits from her activity will be used for savings and to help her husband in the daily management of the family
Madame Danfa (assise à l’extrême droite avec la main gauche levée) est l’emprunteuse vedette du groupe, âgée de 45 ans, elle est mariée et mère de 03 enfants (1 Garçons et 2 filles âgés de 10 à 18 ans). Elle achète des sacs de patates douces et des bidons de 20 litres d’huile de palm dans les marchés hebdomadaires pour la revente par détail.
Avec ce prêt elle compte s’approvisionner en plus des patates douces pour deux sacs de 10 000 F Cfa le sac, un bidon d’huile de palm pour 20 000 F Cfa et des épices pour 7 000 F Cfa.
Les bénéfices de son activité lui permettront en d’épargner d’aider son mari dans la gestion quotidienne 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