Madame Ndèye (seated far right) is the group's star borrower. She is a 45-year-old widow who supports four children, two boys and two girls. Her business is in the sale of shoes, accessories and bed sheets, which she buys most often in the capital for resale in her village. With this loan, Ndèye will buy 15 bedsheets at 10,000 FCFA each and 30 pairs of women's shoes for 5,000 CFA per pair. She will use the profits to continue building her home.
Madame Ndèye (assise à l’extrême droite), est l’emprunteuse vedette du groupe. Elle est veuve, est âgée de 45 ans et prend en charge ses 04 enfants dont deux garçons et filles. Son activité s’inscrit dans la vente de chaussures, accessoires et de draps de lit qu’elle achète le plus souvent à la capitale pour la revente dans sa localité.
Avec son nouveau crédit, elle compte acheter 15 draps de lit à 10 000 F CFA pièce, 30 paires de chaussure pour femme à 5 000 F CFA l’unité.
Les bénéfices l’aideront à poursuivre la construction de sa maison encours.
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