Mrs. Mbène is the group representative. She is a 60-year-old married woman and the mother of one boy. She is standing to the left of the picture raising her hand. She is active in the retail trade of food products.
The new credit loan of five hundred thousand CFA francs (500,000) will enable her to buy merchandise she will resell in her neighborhood. Profits generated by her business activity will enable her to pay electric bills and buy food for her family.
Il regroupe 3 femmes issues du même quartier unies par de bonnes relations sociales économiques et professionnelles. La responsable madame Mbène est une femme mariée âgée de 60 ans et mère de d'un garçon.
Elle est debout à gauche de la photo la main levée. Elle s'active dans le commerce par la vente de produits alimentaires.
Le nouveau crédit de cinq cent mille francs cfa (500000) lui permettra de se procurer de la marchandise qu'elle va revendre au niveau de son quartier.
Les bénéfices générés par son activité lui permettront de payer les factures d'électricité de payer de la nourriture pour sa 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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