Mrs. Kadia (seated on the far right in the first row) is the group’s star borrower. She is 28 years old, married and has four children, two boys and two girls. She sells palm oil, sugar and tea. She stocks up a the local markets in nearby villages and then retails in her village.
Her new loan will allow her to purchase tea and sugar for 10,000 West African francs and palm oil for 25,000 francs. [She] needs to replenish and expand her stock. The revenues will allow her to take care not only of her own needs, but also of those of her family.
Madame Kadia (assise à l’extrême droite dans la première rangée) est l’emprunteuse vedette du groupe. Elle est âgée de 28 ans, mariée et mère de 04 enfants : deux garçons et deux filles. Elle est vendeuse d’huile de palme, de sucre et de thé. Elle s’approvisionne dans les marchés hebdomadaires des villages environnants pour la revente en détail dans son village.
Son nouveau prêt va lui permettre d’acheter du thé et sucre d’une valeur de 10 000 FCFA de l’huile de palme d’un montant de 25 000 FCFA. Que je renouvelle en augmentant la quantité achetée.
Les bénéfices lui permettront de subvenir en plus de ses propres besoins à celui de sa famille.
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