Madam Bouya (standing to the extreme right with one hand raised) is the featured borrower of the group. She is married, 25 years old and mother to 3 children of whom 2 are girls and 1 is a boy. She is a very dynamic woman who transforms local products more specifically ground nut paste. She buys the seeds by 50 kilogram bags for around 15,000 FCFA per bag, transforms them to resell the paste in 5 to 20 kilogram buckets for prices ranging from 5,000 to 17,000 FCFA according to the market.
This new loan will allow her to buy more bags of ground nut seeds hulled for transformation.
With the profits she plans partly to expand her businesses and partly to contribute to the children's schooling.
Madame Bouya (debout à l’extrême droite avec une main levée) est l’emprunteuse vedette du groupe, Elle est mariée, âgée de 25 ans et mère de 03 enfants dont 02 filles et 01 garçon. C’est une femme très dynamique, elle s’active dans la transformation des produits locaux plus particulièrement la patte d’arachide. Elle achète la graine par sac de 50 kilos aux alentours de 15 000 F CFA le sac, fait la transformation pour revendre la patte par sceau de 5 à 20 kilos pour des prix variant de 5 000 à 17 000 F CFA selon le marché.
Avec ce nouveau prêt, lui permettra d’acheter au moins de sacs de graines d’arachide décortiquées pour la transformation.
Les bénéfices, elle compte agrandir ses activités d’une part et d’autre part participer à la prise en charge scolaire des 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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