Mrs. Amy, age 40, is the featured borrower for this group. In the photo, she is standing at the far right with her hand raised. Amy is married with six children, four boys and two girls. Like most of the women from surrounding villages, she sells sugar, soap, palm oil and refined oil at retail at the weekly markets. She will use this new loan to bolster her activity by purchasing two 50 kg sacks of sugar to sell at retail.
The profits earned allow her to strengthen and diversify her activity, and also to bolster her savings and seek larger loans in the future.
Madame Amy (debout à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est âgée de 40 ans, est mariée et mère de six enfants dont quatre garçons et deux filles. Comme la majorité des femmes des villages environnants elle s’active dans le commerce de détail des produits suivants : sucre, savon, huile de palme et huile raffiné pour la revente au détail et dans les marchés hebdomadaires.
Avec ce nouveau prêt, elle compte relancer ses activités par l’achat de 02 sacs de sucre de 50 kilos pour la revente au détail.
Les bénéfices me permettent de renforcer et diversifier son activité d’une part et d’autre part d’augmenter son épargner pour obtenir durant les prochains cycles de prêts plus importants.
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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