The group members are merchants who have previously received 21 loans, which they have repaid without difficulty.
Mbène’s activity is cattle fattening. She will use her loan of 500,000 F cfa to buy two oxen at 250,000 apiece to sell at some point in the future. The profits from this activity allow her to feed her children and to provide for their education.
Madame Mbène la représentante de ce groupe est une femme veuve âgée de 39 ans et mère de 5 enfants dont 3 garçons et deux filles toutes scolarisés. Son groupe est composé de femmes commerçantes du villages unies par de bons liens sociaux qui ont bénéficié de 21 prêts remboursés sans difficultés.
Mbène s'active dans l'embouche et avec son nouveau crédit de 500000 francs cfa elle va acheter deux bœufs à 250000 francs l'un pour les revendre plus tard.
Les bénéfices tirés de son activité lui permettent de prendre en charge mes besoins alimentaires scolaires de ses enfants.
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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Success!! The loan was 100% repaid