The group’s leader is seated second from left in the photo. She is 38 years old, married and the mother of four. She sells rice, vegetable and palm oil. She has solid experience in this business having done it for over three years.
This new loan will allow her to restock rice and oil for sale. Thanks to the income from her business, she plans to help her husband provide for the schooling of their children.
Assise en deuxième position de la gauche vers la droite. La responsable du groupe est âgée de 38 ans. Elle est mariée et est mère de quatre enfants.
Elle vend du riz, de l’huile végétale et de palme. Elle a une bonne expérience dans ce domaine pour l’avoir pratiqué au moins trois années.
Ce nouveau lui permettra de s’approvisionner en riz et huile pour la revente.
Avec les bénéfices qu’elle tirera de son activité, 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