Binta (seated at the far right in the photo), is the group's representative. She is married and supports four of her children (two girls and two boys). She has a table at the central market, where she sells fresh vegetables. She buys her produce from women who have their own gardens on the outskirts of town, and she resells her merchandise on a retail basis. She is very experienced in this activity.
She plans to use this loan to buy fresh vegetables, and also to pay an advance to her wholesalers, in order to maintain her customer base during the rainy season.
The profits from her business will allow her to help her husband with the daily management of the family expenses.
Madame Binta, (assise à l’extrême droite), est la représentante du groupe. Elle est mariée et prend en charge 04 de ses enfants dont 02 filles et 02 garçons. Elle tient une table au marché central où elle vend des légumes frais qu’elle achète auprès de femmes détentrices de jardins de maraîchage en périphérie de la ville pour la revente au détail. Elle jouit d’une expérience dans cette activité.
Avec ce prêt elle compte acheter des légumes frais et avancé une partie aux fournisseurs pour assurer et maintenir sa clientèle durant l’hivernage.
Les bénéfices de son activité lui permettront d’apporter son soutien à son mari dans la gestion quotidienne des dépenses familiales.
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