Nema 2 Group
Madame Cécile is 57 years old, a divorcée and mother to 4 children. All the members of the Nghatamane group have the same aim, to be successful with their businesses. They have always repaid their loans without any problems. Madame Cécile's principal business is the sale of vegetables such as carrots, cabbages and tomatoes. She buys her stocks in Dakar and she has operated this business for more than 13 years. Her earnings pay for her rent, water, electricity, food, etc. She also has a savings account.
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