The JUBBO solidarity group was created on May 12, 2010. It consists of 13 women from the same area. They are in the same business of processing of peanut oil. Fatou (standing at the right of the photo) is the manager of the group. She is 31 years old. She is married with 8 children. She processes peanut oil. With her loan, she will increase her inventory, buy a sheep and peanuts for resale. Her profits will allow her to help her husband take care of the household expenses.
Le groupe de solidarité JUBBO a été créé le 12 Mai 2010. Il est composé de 13 femmes issues de la même localité. Elles exercent la même activité: la transformation d'huile d'arachide. Fatou (Debout à droite de la photo) est responsable du groupe. Elle est âgée de 31ans. Elle est mariée et mère de 08 enfants. Elle fait la transformation de l'huile d'arachide. Avec son prêt reçu, elle va augmenter son niveau d'approvisionnement acheter un mouton et des arachides pour revendre. Ses bénéfices lui permettront de soutenir son mari dans prise en charge des besoins de la famille.
About CAURIE Micro Finance
The 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.