Mrs. Khadiatou (sitting at the far right) is the featured borrower. She is a 39-year-old married mother of four children, two girls and two boys. She also looks after two of her nephews. She runs a luncheonette in the village where she serves breakfast. As a secondary activity, she also sells incense to the women of the area, sometimes on credit.
This new loan will allow her to buy one bag of rice, one carton of milk, some incense and perfumes to mix various scents.
She will use her profits to help her husband to support the children’s education.
Madame Khadidiatou (assise à l’extrême droite) est l’emprunteuse vedette du groupe. Elle est âgée de 39 ans, elle est mariée et mère de 4 enfants (02 garçons et 02 filles), elle prend aussi en charge 02 de ses neveux. Elle est gérante d’une gargote au village où elle sert le petit déjeuner. En plus de cette activité elle vend de l’encens, place à crédit aux femmes du village.
Ce nouveau prêt lui permettra d’acheter un sac de riz, un carton de lait, de l’encens et des parfums pour faire le mélange.
Les bénéfices lui permettront d’appuyer son mari dans la prise charges 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