- PhilippinesAgricultureFunding via Negros Women for Tomorrow Foundation, Inc. (NWTF)
- PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
- PhilippinesFoodFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
33-year-old Ramata (the woman standing at the end of the row on the left in the photo) is this group's representative. She is a married mother of two girls and a boy. She creates and sells traditional dresses, notably hand-made "pagne" cloth.
With this new loan, she wants to buy 30,000 FCFA's worth of thread for the construction of traditional "pagne" cloth, which she will resell at 5,000 FCFA over a period of two months.
With the profits, she wants to develop her business and actively participate in managing her family life.
Madame Ramata, âgée de 33 ans (debout à l’extrême gauche), est la représentante de ce groupe. Elle est mariée et mère de 02 filles et un garçon. Elle fabrique et vend des tenues traditionnelles plus particulièrement des pagnes faits à la main.
Avec son nouveau prêt, elle compte se procurer d’un lot de files d’une valeur de 30 000 F CFA pour la confection de pagne, qu’elle revend à 5 000 F CFA pour 02 mois.
Avec les bénéfices, elle veut développer son activité et participer de manière active à la gestion des charges de la famille.
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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Success!! The loan was 100% repaid