The women all come from the same village and have very strong ties as a result of working together and helping one another. They work as small traders and also in rain-fed agriculture.
Diabou (sitting on the far right of the photo, with her hand raised) is the loan representative. She is 55 years old, married and has four children, two boys and two girls. She sells peanut paste at the regional, international market. She buys the finished product from her friends who have processed the peanuts. She then sells the paste wholesale by the bucket, or in small quantities.
Diabou will use her loan to buy at least five buckets (at 10,000 francs CFA) to be used in the resale of the peanut paste. She will use her earnings to help her husband with the day-to-day expenses and needs of their family.
Madame Diabou (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 55 ans et mère de quatre enfants : dont deux garçons et deux filles. Elle est vendeuse de patte d’arachide au marché international de la sous région. Elle se procure le produit fin auprès de ses camarades transformatrice pour la revente en gros par seau et au détail selon le besoin.
Avec son nouveau crédit, elle prévoit d’acheter au moins 05 seaux à 10 000 F CFA pour la revente.
Les bénéfices, elle compte les utiliser pour appuyer son mari dans la gestion quotidienne des besoins de la famille.
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