Nene Galle's Group
Néné Gallé (seated at the far right in the photo, and raising her hand) is the group's featured borrower. She is married, 38 years old, and the mother of four children (two boys and two girls). She gathers buckets of groundnuts from the local villagers, and resells groundnuts in 50-kilo bags, making a profit margin of 25,000 CFA francs every week.
With her new loan, she is planning to fill at least 25 bags of groundnuts (each bag weighing 50 kilos) to be stored and resold.
She will use her profits to increase her savings, and to help her husband pay for their children's school fees.
Madame Néné Gallé (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle mariée, âgée de 38 ans et mère de quatre enfants deux garçons et filles. Elle collecte de l’arachide par seaux auprès des villageois pour la revente par sac de 50 Kg, avec une marge bénéficiaire de 25 000 F CFA chaque tourné de 7 jours.
Avec son nouveau crédit, elle compte collecter au moins 25 sacs d’arachide de 50 Kg pour stockage et revente.
Les bénéfices lui serviront en plus d’accroître son épargne, à assister son mari dans les charges scolaires 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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Success!! The loan was 100% repaid