Aminata, the star borrower for this loan, is the group’s leader. She is 45 years old, married, and a mother of six, including two daughters. She is standing to the left in the picture. Her business is sheep rearing. She is building on a good experience of over three years.
With her loan, she plans to purchase five sheep and goats for the feast of Tabaski (a.k.a. Eid al-Adha). Her business is thriving, as attested by the fact that others are also in it and that she makes a good income. With the profit, she will provide for her personal needs.
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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