Mariètou (sat on the far right of the photo with her hand raised) is the group's star borrower. She is a 37-year-old married mother of four sons and one daughter. She buys 50 kg sacks of shelled peanuts, sorts the peanuts then shells them for resale at market at a higher price.
With this new loan, she plans to buy four 50 kg sacks of shelled peanuts at 10,000 F CFA apiece, which, after being shelled, will be resold for 22,000 F CFA, or an even higher price.
She plans to use the profits in order to support her husband with their children's school fees and to also improve their family's living conditions.
Madame Mariètou (assise à l’extrême droite de la photo avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 37 ans et mère de quatre garçons et une fille. Elle achète des sacs d’arachide de 50 Kg non décortiqués, fait un tri puis le décorticage pour la revente au marché à un prix plus élevé.
Avec son nouveau crédit, elle compte acheter 04 sacs de 50 Kg à 10 000 F CFA l’un pour la revente après décorticage en 22 000 F CFA voir plus.
Les bénéfices, elle compte les utiliser pour appuyer son mari dans la scolarisation de ses enfants d’une part et d’autre part à améliorer les conditions de vie 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