Mrs. Makouta (sitting on the left and raising her hand in the photograph) is the group's featured borrower. She's 62 years old, married, and the mother of seven children, three girls and four boys.
Her business consists in buying and selling kola and unrefined tobacco, which she buys in a neighboring country and resell during the weekly markets, especially at the large international market of her subregion.
This new loan will enable her to buy 20 kg of kola at XOF 1'500 per kg, and 3 kg of tobacco at XOF 6'000 per kg. Her profits will be in part reinvested in her business to bolster it, and in part used to improve the standard of living of her family.
Madame Makouta (assise à droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est âgée de 62 ans, mariée et mère de sept enfants dont trois filles et quatre garçons. Son activité s’inscrit dans l’achat et la vente de kola et de tabac non raffiné, ce dernier est acheté dans un pays frontalier pour la revente dans les marchés hebdomadaires surtout au grand marché international de la sous région.
Son nouveau prêt lui permettra d’acheter : 20 Kg de kola à 1 500 F CFA le kg et 03 kg de tabac à 6 000 F CFA le kg.
Les bénéfices, d’une part sont reconduits dans l’activité pour le renforcer et d’autre part elle les utilisera pour 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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