Created on May 7, 2009, this group is made up of women who are very active in agriculture in their village and who have been together in solidarity without problems. They got involved in small business in order to reduce the obstacles faced in obtaining everyday consumer products. Ms. Penda (seated to the right with her hand raised) is the star borrower of the group. She is 41 years old, married and the mother of 4 daughters. She is a very active and rigorous woman in the management of her revenue-generating businesses. She has several years of experience in the sale of food products such as: rice, sugar, and other items that she buys wholesale to resell in the village. With this new loan, she is going to buy 10 bags of rice for 11,000 francs CFA, 5 bags of onions for 11,500 francs CFA, 3 bags of sugar for 25,000 francs CFA, and some packages of green tea. The profits will permit her to strengthen her savings on one hand, and on the other to support her husband in taking care of the concerns of the children.
Créer Le 07 Mai 2009, ce groupe est composé de femmes très actives dans l’agriculture de leur village, elles sont d’une solidarité sans faille. Elles se sont engagées dans le petit commerce afin de réduire les obstacles à l’obtention des produits de consommation courante.
Madame Penda (assise à droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est âgée de 41, est mariée, mère de 04 filles. C’est une femme très active et rigoureuse dans la gestion de ses activités génératrices de revenu. Elle compte plusieurs années d’expérience dans la vente de produits alimentaires tels que : le riz, le sucre et autres qu’elle achète en gros pour la revente au village.
Avec son nouveau prêt, elle va acheter 10 sacs de riz à 11 000 F CFA, 05 sacs d’ognon à 11 500 F CFA, 03 sacs de sucre à 25 000 F CFA, des paquets de thé vert.
Les bénéfices lui permettront de renforcer son épargne d’une part et d’apporter son soutien à son mari dans la prise en charge des soins des enfants.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
About CAURIE Micro Finance
The 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.
Ended with Loss - Currency Exchange Loss learn more
A portion of Penda's Group's $1,075 loan helped a member to purchase 10 bags of rice for 11,000 francs CFA, 5 bags of onions for 11,500 francs CFA, 3 bags of sugar for 25,000 francs CFA, and some packages of green tea.