Mbayang, the woman to the far right of the photo with her hand raised, is 24 years old. She is a married mother to five children, two of which are boys.
With this loan, she is planning to buy four goats at 22,500 FCFA each. The rest will go towards feeding this livestock. After raising the animals for a certain time, she will sell the goats for 45,000 or even 50,000 FCFA each.
The profits will be used to support her family. She will also put some of this money into savings with the banc villageois.
Mbayang debout à droite de la photo et levant la main est âgée de 24 ans. Elle est mariée et mère de 5 enfants dont 2 garçons.
Avec le prêt elle envisage d'acheter 4 chèvres à raison de 22500f l'une. Le reste lui servira à acheter de l'aliment de bétail pour nourrir les sujets. Au bout d'un certains temps d’élevage elle va vendre les chèvres à 45000 et parfois même 50000f l'une.
Les bénéfices sont utilises pour entretenir la famille et épargner au niveau du banc villageois.
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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