Mariama Penda's Group
Binta, who is standing at the far right of the photo and raising her arm, is 38 years old, married and the mother of seven children of whom four are boys and three are girls.
With her funding she plans to buy five bags of fonio at 25,000 francs per bag.
Her objectives for using the profits are to contribute towards daily expenditures and family care, and also to bolster her savings.
Binta qui se trouve debout a l’extrême droite de la photo et levant le bras,est âgée de 38 ans,est mariée et mère de 07 enfants dont 04 garçons et 03 filles.
Avec son financement,elle compte acheter 05 sacs de fonio a 25000f le sac.
les objectifs visés pour son bénéfice sont de contribuer dans la dépense quotidienne et la prise en charge familiale et aussi renforcer son épargne.
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