Sona, 31 years old (pictured seated on the far right with her left hand raised) is the featured borrower of the group. She is married and the mother of three children, two boys and one girl. She is in the business of selling used clothing and dyed cotton cloth. With this new loan, she plans to purchase three lots of used clothing at 7500 francs CFA each and four units of dyed cotton cloth at 6000 francs CFA each. The profits will allow her to increase her savings and allow her to qualify for larger loans in future loan cycles.
Madame SONA, âgée de 31 ans (assise à l’extrême droite avec la main gauche levée), est l’emprunteuse vedette du groupe. Elle est mariée et mère de trois enfants dont deux garçons et une fille. Elle s’active dans la vente de friperie et des thioub.
Avec ce nouveau prêt, elle compte acheter trois lot de friperie à 7500f l’unité et quatre thioub à 6000f l’unité.
Les bénéfices me permettent de renforcer 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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Success!! The loan was 100% repaid