Mrs. Mariètou (standing, second position from the right) is the group leader. She's 60 years old, married, and the mother of six children. She also has a sister-in-law to support.
She's been selling dyed fabrics at the central market for four years. Her new loan will enable her to purchase fabrics to resell.
With her profits, she intends to help her husband provide for the children's school expenses.
Madame Mariètou (debout en deuxième position à droit) est responsable du groupe. Elle est âgée de 60 ans, est mariée et mère de six enfants. Elle a en charge une belle sœur.
Elle vend des tissus teintés au marché central. Elle a une expérience de quatre années.
Son nouveau lui permettra de s’approvisionner en tissus, en vue de les revendre.
Avec les bénéfices réalisés, elle compte soutenir son mari dans la prise en charge de la scolarité des enfants.
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