Khady is the representative and is standing on the right of the picture, raising her hand. She is 53 years old, married and responsible for 11 people (her children and grandchildren). She produces groundnut oil from groundnuts and also practises sheep fattening. She will use the loan she receives to buy 50 kilos of groundnuts at 550 francs per kilo, so that she can make 22 litres of oil, which sells at 1000 francs per litre. She also plans on buying 2 sheep to raise. The profits will enable her to reinvest in her livestock. She will also help her handicapped husband to take care of the family's needs.
Debout à droite et levant la main, Khady est la représentante. Elle est âgée de 53 ans. Elle est mariée et a la de charge de 11 personnes (ses enfants et ses petits enfants) Elle fait comme activité la transformation d'arachide en huile et de l'embouche ovine.
Avec le prêt reçu elle va acheter 50kg d'arachide à 550 le kg pour avoir 22 litres d'huile et le litre est vendu à 1000f. Elle compte acheter aussi 2 moutons pour les élever.
Les bénéfices lui permettront de réinvestir sur l’élevage. Elle va aussi aider son mari handicapé à prendre en charge les besoins de la famille.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
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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