Sope Mohamed Group
This circumstance permits commercial activities in the village to be permanent and contributes to the expansion of the economy of the village and that of the surrounding area. The new solidarity group loan will allow its members to bolster their economic initiatives and diversify their businesses. Their businesses mostly involve selling local cereals, seafood, peanuts, and ice cream, in the case of those who have refrigerators.
The president of the group, Madame Mbène S., on the far right in the photo wearing a white and beige-striped dress, is 50, married, and the mother of four children, including one daughter of 14. She has been selling foodstuffs on the top of a table at the village marketplace for more than 20 years and on weekly market days (Mondays) she buys her inventory for the following week there. Her new loan will permit her to increase her working capital. With the profit she makes, she helps her husband support their family in terms of food and healthcare expenses.
La présidente du groupe, Madame Mbène S., à l’extrême droit de la photo en tenue blanche raillée de trais croisés en marron, est âgée de 50 ans, elle est mariée et mère de 04 enfants dont une fille de 14 enfants. Elle fait du petit commerce depuis plus de 20 ans, elle vend divers produits culinaires sur table au marché du village et au jour de marché hebdomadaire, les lundis, elle en profite pour s’approvisionner en marchandises pour la semaine suivante. Son nouveau crédit lui permettra à renforcer sa capacité d’autofinancement. Avec les bénéfices réalisés elle soutien son mari dans la prise en charge de la famille par la nourriture et la santé.
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