Their businesses include retail and farming. They go along well and are bound by links of kinship.
Amy, age 47, is married and the mother of eight children, three of them girls. She intends to use XOF 180'000 from her loan to increase the stock of products (rice, sugar, cooking oil, and other food products) in her shop.
She gets her supplies from wholesale stores, and resells retail. As a secondary business, she raises sheep. She will buy two sheep for XOF 70'000.
Her profits will be used to cover her needs and those of her family.
Amy debout sur la photo et levant la main, est âgée de 47 ans. Elle est mariée et mère de 8 enfants dont 3 filles.
Avec le prêt; elle envisage de renforcer sa boutique en riz, sucre, huile et autres produits alimentaires pour une valeur de 180000f. Elle s’approvisionne dans les boutiques en gros pour revendre détail.Comme activité parallèle elle fait de l'embouche ovine, elle va acheter 2 moutons à 70000f
Les bénéfices serviront à prendre en charge aussi bien ses besoins que ceux de la famille.
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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