Mrs. Rouguiatou (who is sitting on the far right), is the star borrower of the group, and is married with five children of which one girl. Her work consists of buying palm oil, rice and other food products wholesale at the central market for retail sale in the village.
With her new loan, she plans to buy three cans of 20 liters of palm oil at 18 000 F CFA per can and five bags of rice at 13 500 F CFA per bag.
The profits will enable her to increase her savings, and to help her husband to manage the family needs.
Madame Rouguiatou (assise à l’extrême gauche), est l’emprunteuse vedette du groupe, elle est mariée et mère de cinq enfants dont 01 fille. Son activité consiste à acheter de l’huile de palme, du riz et autres produits alimentaires en gros au marché central de la commune pour la revente en détail au village.
Avec son nouveau crédit, elle compte acheter 03 bidons d’huile de palme de 20 litres à 18 000 F CFA le bidon et 05 sacs de riz à 13 500 F CFA le sac.
Les bénéfices lui permettront en plus de renforcer son épargne, d’apporter son soutien à son mari dans la gestion des besoins familiaux.
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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