Mrs. Tening (seated on the right with a raised right hand) is the star borrower of the group. She is 37 years old and has two daughters. She has been retailing cigarettes, rice and oil for two years.
Her new loan will allow her to buy two jugs of vegetable oil at 18,500 West African francs each, five bags of rice at 14,000 West African francs each and three cases of cigarettes, 10,5000 per refillable case. Her revenues will allow her to grow her savings and improve her life conditions.
Madame Tening (assise à droite avec une main droite levée) est l’emprunteuse vedette du groupe. Elle est âgée de 37ans et mère de 2 filles. Elle pratique le petit commerce, vendeuse de cigarette, du riz et de l’huile depuis deux années.
Son nouveau prêt lui permettra d’avoir deux bidons d’huile 18500 FCFA L’un, 5 sacs de riz à 14000 FCFA l’unité et trois grosses de cigarettes 10500 l’un renouvelable.
Les bénéfices lui serviront d’augmenter son épargne et d’améliorer sa condition de vie
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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