They are very active in their money-earning businesses, in particular small retail. They all live in the same neighborhood, which favors good understanding and solidarity among the group's members.
Mrs. Binta is the group's featured borrower. She's the one standing on the far right in the photograph. She's a leader who's very respected in the Banc Villageois, and she sells palm oil.
Her new loan will enable her to buy three cans of 20 liters of palm oil, costing XOF 15'000 (ca US$ 30) a piece. With her profits, she intends to cover her family's daily expenses.
Madame BINTA (debout, en médaillon à l’extrême droite), est l’emprunteur vedette du groupe. Elle est un leader très respecté dans le banc villageois, elle est vendeuse d’huile de palme.
Son nouveau prêt lui permettra d’acheter trois bidons de 20 litres à 15 000 FCFA l’unité.
Avec les bénéfices réalisés, elle compte assurer la dépense quotidienne et les frais de gestion 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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