Mrs. Maounde (seated in the third row on the far right raising her hand) is the star borrower. In spite of her advanced age (54 years old), she remains a very dynamic group member. In addition t selling good products, she also raises livestock in her village, purchasing sheep and fattening them for at least three months.With this loan she plans to buy sheep to increase her headcount in the anticipation of sales before the Tabaski holiday [Eid al-Adha, a major Muslim holiday]. Thanks to her revenues, she helps her husband, who is ill, to provide for family needs.
Madame Maoundé (assise à la troisième rangée à droite avec une main levée) est l’emprunteuse vedette. Malgré son âgé avancé (54 ans), elle reste très dynamique dans le groupe. En plus de son activité commerciale de vente de produits alimentaire, elle fait aussi de l’embouche dans son village natal où elle achète des moutons les engraisse pendant au moins trois mois.
Avec ce prêt elle compte acheter des moutons pour accroître son cheptel en vue de la revente à la veille de la fête de Tabaski.
Avec les retombées, elle apporte son soutien à son mari malade dans la prise en charge des besoins familaux.
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