This group of three people is part of this Banc Villageois, and its featured borrower is Nogoye. She's the woman raising her hand in the photograph in order to be told apart. She's 34 years old, married, and the mother of seven children, two of them boys.
With her loan, she foresees buying cereals to resell and raising livestock. She will buy four sheep costing XOF 50'000 each, that she will resell for XOF 85'000 each.
She will also breed chicken and goats. Regarding her cereal business, she will buy 160 kg of millet for XOF 225 per kg, and resell it for XOF 300 per kg. She intends to use her profit to bolster her savings cover her children's healthcare expenses.
Avec le prêt elle envisage de faire du commerce de céréales et de l'embouche. Elle va acheter 4 moutons à 50000f chacun pour revendre à 85000f. Elle va élever aussi des poules des chèvres. Concernant la vente de céréales elle va acheter 160kg de mil à 225 le kg pour le revendre à 300f le kg.
Elle compte renforcer son épargne avec ses bénéfices et prendre en charges les frais médicaux de ses enfants.
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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