Amy, who is standing up on the right of the photo, is 37 years old. She is married with seven children of which one boy.
With her loan she plans to sell fabrics. She will buy a roll of 600 yards of fabric for 250000f. She will sell the fabric at 600f per yard. She will use the remainder of the money as working capital.
She intends to reinvest the profits in her business and increase her savings in the village bank.
Amy debout à droite de la photo et levant la main est âgée de 37 ans. Elle est mariée et mère de 7 enfants dont 1 garçon.
Avec le prêt elle compte faire de la vente de tissu. Elle va acheter un rouleau de tissus de 600 yards à 250000f. Elle va revendre le yard à 600f. Le reste de l'argent va lui servir de fond de roulement.
Elle va réinvestir les bénéfices dans son activité et renforcer son épargne au niveau du banc villageois.
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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