Coumba Yero's Group
Madame Coumba (standing on the far right) is the leader of the group. She is 49, married, and the mother of seven children. She sells vegetables, smoked fish, peanut butter, and various condiments that she buys from big distributors to resell in the village and at weekly markets in neighboring villages.
Her new loan will allow her to buy a basket of smoked fish for 25,000 f CFA and various vegetables for resale. The profit will permit her to share in covering the needs of the family on the one hand, and grow her savings on the other.
Madame Coumba (debout à l’extrême droite) est responsable du groupe. Elle est âgée de 49 ans, mariée et mère de sept enfants. Elle est vendeuse de légumes, de poissons fumés, de pâte d’arachide et divers condiments qu’elle achète auprès de grands distributeurs pour la revente au détail dans son village et à l’occasion des marchés hebdomadaires des villages environnants.
Son nouveau prêt lui permettra d’acheter un panier de poissons fumés à 25 000 Fr CFA, et divers légumes pour la revente.
Les bénéfices lui permettront de participer activement à la prise en charge des besoins de la famille d’une part et d’autre part à accroître son épargne.
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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Success!! The loan was 100% repaid