Diénéba B. is the leader of the group. She is 26 years old, married and the mother of three children. She is also rsponsible for another child in her polygamous family. Diénéba B. has two occupations: for 5 years she has been a market gardener, but more recently she has also started turning peanuts into peanut oil. With her loan, she wants to buy more peanuts as well as to invest in her gardening. The revenue from her activities allows her to support her family, primarily by improving alimentation and paying for her children's school expenses and clothes.
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