Mrs. Arame, the group's leader, is 53 years old, married, and the mother of four: three daughters and one son. She is standing on the right in the photo.
For almost 10 years, she has been selling peanut paste and thus has plenty of experience.
Her new loan of 490,000 West African francs will allow her to buy pails of peanut paste to retail at the local weekly market. The derived revenue will allow her to cover expenses related to food, education and healthcare for her children.
Madame Arame est la responsable du groupe elle est âgée de cinquante trois ans mariée et mère de quatre enfants dont trois filles et un garçons. Elle debout a droite de la photo.
Elle s'active dans le commerce de patte d’arachide depuis bientôt dix ans et elle dispose d'une bonne expérience.
Son nouveau crédit de quatre cent quatre vingt dix mille francs CFA lui permettra de se payer des seaux de patte d’arachide qu'elle va revendre au détails au niveau du marché hebdomadaire de sa localité.
Les bénéfices réalisés lui permettent de prendre en charge les besoins alimentaires scolaires et sanitaires de ses enfants.
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