Mrs. Rocky (in the inset and sitting to the right), is the group's featured borrower. She is 44 years old, married and mother of four children including two girls and two boys.
Her business is to retail food products namely: rice, refined oil, green tea. She buys in one of the sub-region's weekly markets for subsequent retail sales.
With this new loan, she intends to buy two 50-kilo bags of rice at 12,500 CFA francs each, one 50-kilo bag of powdered sugar at 20,000 CFA francs and green tea for 5,000 CFA francs.
She will use the profits to assist her husband in managing the children's schooling.
Madame Rocky (en médaillon vers le haut et à droite), l’emprunteuse vedette du groupe. Elle est âgée 44 ans, mariée et mère de 04 enfants dont 02 filles et 02 garçons. Son activité s’inscrit dans la vente de produits alimentaires à savoir : le riz, l’huile raffinée, le thé vert, …. Qu’elle achète dans un marché hebdomadaire de la sous région pour la revente par détail.
Avec ce nouveau crédit, elle compte acheter deux sacs de riz de 50 kilos à 12 500 F CFA l’unité, 01 sac de sucre en poudre de 50 kilos à 20 000 F CFA et du thé vert pour 5 000 F CFA.
Elle utilisera les bénéfices à soutenir son mari dans la gestion de la scolarité 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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