Sokhna Astou's Group
The group members get on well and support each other in their businesses. Binta, pictured sitting on the right of the photo with her hand raised, is 64 years old. She is a widow and the mother of eight children, four of whom are boys.
Binta will use the loan to buy sheets and traditional cloth pagnes, which she sells in the large towns. She passes her goods on to customers, and then returns at the end of the month to collect payment. In this way, she can make a good income: she buys a sheet for 8,000 CFA francs, and resells it for 12,000 CFA francs.
Binta will use the money she makes to increase her savings at the banc villageois and provide for her family.
Binta, assise à droite de la photo et lavant la main est âgée de 64 ans. Elle est veuve et mère de 8 enfants dont 4 garçons.
Avec le prêt elle va acheter des draps et des pagnes, qu'elle revend dans les grandes villes. Elle place ses marchandises chez ses clients et à la fin du mois elle passe récupérer l'argent. Elle réalise ainsi un bénéfices très conséquent, elle achète un drap à 8000f et revend à 12000f.
Avec les bénéfices, elle renforce son épargne dans le banc et prend en charge 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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Success!! The loan was 100% repaid