Sokhna, who is standing to the right in the picture with her hand raised, is 41 years old. She is married and a mother of six, including three boys. Her activity is cattle fattening, a business she has been in since she joined the “banc villageois.” In parallel, she also sells millet.
The loan will allow her to purchase three cows for 375,000 XOF. She will raise them for three months. Once the animals are well fattened, she is planning on reselling them for 200,000 XOF each, perhaps even 225,000 XOF. To ensure that she has feed for the animals, she has a parallel business trading millet.
She uses profit to provide for her children and to grow her savings.
Sokhna debout à droite de la photo et levant la main, est âgée de 41 ans. Elle est mariée et mère de 6 enfants dont 3 garçons. Elle s'active dans l'embouche bovine, une activité qu'elle pratique depuis qu'elle a intégré le banc villageois. En parallèle elle fait aussi le commerce e mil.
Le crédit va lui permettre d'acheter 3 bœufs à 375000f, qu’elle va élever en 3 mois. Une fois les sujets bien engraisser elle compte revendre l'un 200000f ou même 225000f. Ainsi pour assurer la nourriture des bêtes, elle fait comme activité parallèle le commerce de mil.
Les bénéfices lui servent à entretenir ses enfants et à renforcer ses épargnes.
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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