Ms. Marame (standing at the far left in the photo) is the featured borrower of the group. She is the 53 years old, married, and the mother of five children, including two boys and three girls, from 2 to 15 years old. Marame sells dyed cloth commonly called 'thioub' which she purchases in a sub-region to sell in other regions, particularly in the capital. She also has a secondary business selling incense.
With her new loan, she intends to finance her next trip with the aim of better supplying herself with 'thioub' and various other products appreciated by her customers.
The profit from this business will enable her not only to help support her household but also to help with her children's schooling more.
Madame Marame (debout à l’extrême gauche) est l’emprunteuse vedette du groupe. Elle est âgée de 53 ans, mariée et mère de cinq enfants dont 02 garçons et trois filles âgés de 02 à 15 ans. Elle est vendeuse de tissus teintés appelé communément « thioub » qu’elle achète dans la sous région pour la vente a dans les autres régions plus particulièrement dans la capitale. Elle a aussi comme activité secondaire la vente d’encens.
Avec son nouveau prêt elle compte financer son prochain voyage en vu de mieux s’approvisionner en « thioub » et autres divers produits appréciés par ses clients.
Les bénéfices de cette activité lui permettront en plus d’apporter son soutien dans le foyer, mieux assister ses enfants dans leur scolarité.
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