Ms. Aissatou (standing at the right with her left hand raised and wearing a green tunic) is the featured borrower of the group. She is 35 years old, married, and the mother of three girls, from 2 to 8 years old. Her business involves selling cosmetic products and a variety of beauty supplies, which she purchases either in the sub-region or in the capital in order to resell them in her town. She accepts cash or credit, depending on her relationship with the customer.
With this new loan, she intends to bolster her financial capacity by purchasing 2 dozen of body lotion, one of shampoo, and perfume.
The profits earned will enable her to do more in managing the family's day-to-day expenses.
Madame Aissatou (debout à droite en tunique vert avec la main gauche levée), est l’emprunteuse vedette du groupe. Elle est âgée de 35 ans, est mariée et mère de trois de filles de 02 à 08 ans. Son activité s’articule dans la vente de produits de cosmétiques et divers articles de beauté qu’elle achète soit dans la sous région et à la capitale pour revente dans sa localité à crédit ou au comptant selon sa relation avec la cliente.
Avec ce nouveau prêt, elle compte renforcer sa capacité de financement en achetant 02 douzaines de lait de corps, une de champoing et parfum par envoi.
Les bénéfices obtenus lui permettront de participer d’avantage dans la gestion quotidienne des charges de la famille.
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