Mrs. Ansata (standing at far right [in the photo with her hand raised]) is the group's featured borrower. She is married and the mother of two girls. She sells palm oil, which she purchases at the weekly regional market in containers of 20 liters to resell in either the regional capital or other regions in one-liter bottles or to fill orders from resale merchants in other regions.
With her new loan, Mrs. Ansata will purchase two to three containers [of palm oil] to resell on the retail market in one-liter bottles. The profits will allow her to better assist her husband with the family expenses and to keep her daughters in school.
Madame Ansata (debout à l’extrême droite), est l’emprunteuse vedette du groupe. Elle est mariée, mère de deux filles. Elle est vendeuse d’huile de palme qu’elle achète dans le marché hebdomadaire de la sous région, par bidon de 20 litres pour la revente soit dans la capitale régionale, ou dans les autres régions par bouteille d’un litre ou par commande pour des commerçants revendeur dans les autres régions.
Avec son nouveau prêt elle va acheter deux à trois bidons pour la revente au détail par bouteille d’un litre.
Les bénéfices lui permettront de mieux soutenir son mari dans les charges familiales et le maintien de ses filles à l’école.
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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