Mrs. Madia (seated at far right with one hand raised [in the photo]) is the group's featured borrower. She is 32 years old, married, and the mother of five children - one boy and four girls. Her business is the processing of local goods, particularly ground nut paste. Mrs. Madia purchases ground nuts by the sack, sorts them, shells them, and processes them for sale in 5kg and 20kg pails.
For this new loan, Mrs. Madia will purchase five sacks, [each containing] 50kg of unshelled ground nuts for processing. The profits will allow her to better see to her family's expenses (clothing, health, education, and food).
Madame Madia (assise à l’extrême droite avec la main une main levée), est l’emprunteuse vedette du groupe. Elle est âgée de 32 ans est mariée et mère de 05 enfants dont 01 garçon et 04 filles. Elle s’active dans la transformation des produits locaux plus particulièrement la pâte d’arachide. Elle achète l’arachide par sac fait le tri, le décorticage et la transformation pour la vente par seau de 5 et 20 kilos.
Pour ce nouveau prêt elle va acheter 05 sacs de 50 kilos d’arachide non décortiqué pour la transformation.
Les bénéfices lui permettront d’assurer une meilleure prise en charge des besoins familiaux (habillement, santé, scolarité, nourriture).
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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