Ms. Jacqueline (sitting first from the left in the photo) is the featured borrower of the group. She is a married mother of three children, including one boy. She has a refreshment stand where she sells natural juice drinks, that she makes herself, and carbonated drinks that she purchases by the box at the central market of the region in order to sell retail.
With her new loan, she intends to resupply her stand by purchasing 6 boxes of drinks (24 cans per box) at 5,500 francs CFA and some cases of soda at 800 francs.
The profits will be used to increase her savings and also to help cover family expenses.
Madame Jacqueline (assise à la première place à gauche) est l’emprunteuse vedette du groupe. Elle est mariée et mère de trois enfants dont 01 garçon. Elle tient une buvette où elle vend des jus naturels qu’elle prépare elle-même et des boissons gazeuse qu’elle achète au marché central de la région par carton pour la revente au détail.
Avec son nouveau prêt, elle compte recharger sa buvette par l’achat de 06 cartons de 24 cannettes par carton à 5 500 F CFA et des casiers de soda à 4 800 F CFA.
Les bénéfices serviront à accroître son épargne d’une part et d’autre part à participer à la prise en charge 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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Success!! The loan was 100% repaid