Awa, raising her hand in the photo, is the group's representative. She is 42 years old, married, and the mother of seven children, three of whom are girls. Her youngest daughter is four years old. Awa is involved in retail business. She plans to use her loan to buy large quantities of hibiscus leaves and cowpeas, which she will store until the time is right to sell. A large bowl of hibiscus leaves currently costs between 1,500 and 2,000 francs. In five months, she will be able to resell the same for 3,000 francs. As for cowpeas, Awa pays 400 francs for a kilo and resells the same for 500 francs.
With her profits, Awa will buy some sheep that she will raise to meet her family's needs. She will also boost her business and contribute to her children's education.
Awa, celle qui lève la main sur la photo est représentante du groupe. Elle est âgée de 42 ans. Elle est mariée et mère de 7 enfants, dont 3 fille, la cadette a 4 ans. Elle fait comme activité le commerce. Avec le prêt elle compte acheter du bissap et du niébé en quantité, qu'elle va stocker jusqu' au moment favorable pour la vente. La bassine de bissap coute actuellement 1500f à 2000f; d'ici 5 mois elle va le revendre à 3000f. Concernant le niébé elle achète le kg à 400f pour revendre à 500f.
Les bénéfices lui permettront d'acheter des moutons qu'elle va élever pour les besoins de la famille. Elle va renforcer son activité et appuyer ses enfants dans leur scolarité.
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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