It is composed of members who all live in the same area.
This is a solidarity loan. The members of this group generate their income through retail. Astou, who can be seen on the photo standing up and raising her hand, is 35. She is married and is the mother of five daughters.
She plans on sewing. She will buy 7 sheets for 3500 XOF each, 3 packs of yarn for 4500 XOF, and will pay 14,000 XOF to have designs printed on the sheets. Once the sheets are sewn, she will sell them for 15,000 XOF each.
With the profits, she will buy wood and charcoal in order to resell them. This will also help with daily expenses and enable her to care of her children's school fees.
Astou debout sur la photo et levant la main, est âgée de 35 ans. Elle est mariée et mère de 5 filles.
Elle envisage de faire de la couture. Elle achète 7 draps à 3500f l’unité, du fil 3 paquets à 4500f, elle paye 14000f pour qu’on lui fasse des destins sur les draps. Une fois les draps cousus elle les vend à 15000f chacun.
Avec les bénéfices elle va acheter du bois et du charbon pour les revendre. Elle prend aussi en charge les frais scolaires de ses enfants et renforcer la dépense quotidienne.
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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