Ms. Ouleymatou (sitting at the far right with her hand raised) is the featured borrower of the group. She is a married mother of three children (two boys and a girl). She is active in selling vegetables and a variety of seafood. She has had a table at the district market for over five years.
With this new loan, she intends to purchase a sack of cabbage at 10,000 francs CFA, a bag of carrots at 4,500 francs, and a variety of other vegetables for resale according to customer needs.
With the profits, she wishes to increase her savings, as well as to do better at ensuring family needs are met.
Madame Ouleymatou (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle mariée et mère de 03 enfants dont deux garçons et une fille. Elle s’active dans la vente de légumes et divers fruits de mer. Elle tient une table au marché du quartier depuis plus de cinq ans.
Avec ce nouveau prêt, elle compte acheter un sac de choux à 10 000 F CFA, un sachet de carotte pour 4 500 F CFA et divers autres légumes pour la revente par de tas selon les besoins du client.
Avec les bénéfices, elle désire augmenter son épargne d’une part et d’autre part assurer une meilleure prise en charge 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