Ndiack, standing at right in the photo with her hand raised, is 41 years old. She is married and the mother of seven children, four of them boys. With the loan received, she will purchase a steer for 150,000 CFA francs and a sheep for 60,000 CFA francs. She will raise them, then resell them after several months. Ndiack also sells millet. She will purchase two sacks of millet for 15,000 CFA francs to resell them for 18,000 CFA francs. The profits will allow Ndiack to save and to care for her children.
Ndiack, debout à droite de la photo et levant la main est âgée de 41 ans. Elle est mariée et mère de 7 enfants dont 4 garçons.
Avec le prêt reçu, elle va acheter un bœuf à 150 000f et un mouton à 60 000f. Elle va les élever pour les revendre au bout de quelques mois. En parallèle elle va faire du commerce de mil, elle va acheter 2 sacs de mil à 15 000f pour revendre à 18 000f.
Les bénéfices lui permettent d'épargner et d'entretenir 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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