Mariama (seated on the left with her hand raised [in the photo]) is the representative of the group. She is 28 years old, single, and has no children. Nevertheless, she is a woman very focused on her commercial business and takes seriously her responsibilities.
Her business involves buying dyed and embroidered fabrics from the outer region and reselling it, payable in two installments. With this loan, she plans to buy four lots of 30 yard Bazin fabric and 20 pieces of cut embroidered fabric which cost 25,000 francs CFA per lot to dye.
Part of her earnings will allow her to help her retired father support the family. The other part will be used to increase her savings in order to buy some land.
Madame Mariama (assise à gauche avec une main levée) est l’emprunteuse vedette du groupe. Elle est âgée de 38ans, est célibataire sans enfant. Néanmoins elle reste une dame très active dans ses activités commerciales avec un sens très pointu de la responsabilité. Son activité consiste à l’achat de tissus teintés et tissus brodés dans le sous région pour la revente à crédit remboursable en deux mensualités.
Pour ce prêt elle compte acheter 04 lots de Bazin de 30 yards, 20 coupons de brodés moyennant des frais de teinture pour 25 000 F CFA par lot.
Les bénéfices lui permettront d’une part à aider son père à la retraite à la prise en charge de la famille et d’autre part augmenter son épargne dans le but d’acquérir un terrain.
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