Astou is the representative of the group. She is 33 years old, married, and the mother of a boy of 12 and two girls of 7 and 3 years old. She raises chickens in a lot near her home. With her loan she intends to buy 264 chicks for 66000 francs, 6 sacks of starter mash for chicks for 93,000 francs, 15 sacks of intermediate growth feed for 232,500 francs and 7 sacks of finishing feed for 108,500 francs. She has been in this business for three years now and does well since the whole neighborhood buys from her, as well as her colleagues from work. With her profits, she will expand her activity and participate in building their family home.
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