Ms. Mariama (seated at the right with her left hand raised) is the featured borrower of the group. She is 47 years old, married, and the mother of three children (a girl and two boys). Her business involves processing peanuts into peanut butter, which she resells at the weekly international market in the sub-region. To do so, she purchases peanuts by the sack or basin, according to what is available on the market. She sorts them and cooks them, and then finally processes them by machine to obtain peanut butter for sale by 15- or 20-liter pails.
With this loan, she intends to purchase three 50-kg sacks of peanuts at 12,500 francs CFA to process and resell.
The profits will be used to help her husband to manage the family day to day, and some of it will go into her savings account.
Madame Mariama (assise à droite avec la main gauche levée) est l’emprunteuse vedette du groupe. Elle est âgée de 47 ans, est mariée et mère de 03 enfants dont une fille et 02 garçons. Son activité s’inscrit dans la transformation de graines d’arachide en patte qu’elle revente au marché hebdomadaire international de la sous région. Pour ce faire elle achète la graine d’arachide par sac ou par bassine selon l’offre du marché pour ensuite faire le tri, la cuisson et finalement la transformation à la machine pour obtenir la patte d’arachide revendu par seau de 15 ou 20 litres.
Avec ce prêt, elle compte acheter 03 sacs d’arachide de 50 kilos à 12 500 F CFA pour la transformation et la vente.
Les bénéfices lui serviront d’aider son mari dans la gestion quotidienne de la famille d’une part et d’autre part de conforter son épargne.
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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