Mrs. Oulèye (sitting at the far right) is the featured borrower for this group. She is a 47-year-old married mother of four children, a boy and three girls. She buys fabrics that she uses to make boubous (large full-length dress) or other items such as tablecloths and bed sheets. She sells these items for cash or on credit in two installments.
She will use this loan to buy about ten meters of unique fabrics and some decorative thread to make tablecloths to sell.
The profits earned will allow her to help with her family’s daily expenses and to support part of her children’s tuition when school resumes in the near future.
Madame Oulèye (assise à l’extrême droite) est l’emprunteuse vedette du groupe. Elle est âgée de 47 ans, elle est mariée et mère de 04 enfants dont 01 garçon et 03 filles. Son consiste à l’achat de tissus qu’elle confectionne en boubou ou autres articles à savoir nappe et drap pour la revente soit au comptant ou à crédit par deux tranches.
Avec ce prêt elle compte acheter une dizaine de mètres de tissus unique et des fils décoratifs en vu de confectionner des nappes pour la revente.
Les bénéfices de son activité lui permettront de participer à la dépense quotidienne et de prendre en charge une partie de la scolarité de ses enfants pour la rentrée prochaine.
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