Mbene (standing on the right of the photo) is 62 years old. She is a widow and the mother of five children, of whom three are boys.
With the loan she intends to buy 10 bags of coffee at 20,000 francs a bag. She then retails the coffee and can make up to 22,500 francs a bag.
The profits will serve the objective of helping her children meet their needs.
Mbéne debout à droite de la photo est âgée e de 62 ans. Elle est veuves et mère de 5 enfants, dont 3 garçons.
Avec le prêt elle compte acheter 10 sacs de café à 20000f le sac. Elle revend le café en détail et le sac peut lui revenir à 22500f.
Les objectifs visés par ses bénéfices est de venir en aide à ses enfants, de subvenir à leurs besoins.
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.
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