Ngenth Case Foyer Group
Mareme is married with five children aged 19 to 34, two girls and three boys. She sells fabrics and home furniture, and she runs a large store at the market.
Mareme plans to use her loan to bolster her stock by buying one bolt of wax fabric for 360,000f. She works with her eldest daughter who travels abroad to buy high-quality fabrics.
Mareme uses her profits to buy undeveloped lands and expensive jewelry as a way of investing money, and she pays for her daughter’s fare when travelling on business.
Avec ses bénéfices elle Achète des terrain nues pour garder son argent;elle a acheter le billet de sa fille qui voyage pour faire du commerce;elle achète aussi des bijoux de valeur pour garder son argent.
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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