Ms. Diénabou (seated at the far right in the photo with a hand raised) is the featured borrower in the group. She is a married mother of ten children, from 1 to 17 years old, including seven boys. She sells grocery items retail: rice, palm oil, and a variety of condiments and spice.
Her new loan will enable her to purchase two 20-liter containers of palm oil at 20,000 francs CFA each, 3 sacks of rice at 13,000 francs each, and various spices.
With the profits, she plans further supporting her husband in covering family expenses: education and the children's healthcare.
Madame Diénabou (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Mariée, mère de dix enfants âgés de dix sept à un an dont sept garçons. Elle est vendeuse en détail de produits alimentaires : riz, huile de palm, divers condiments et épices.
Son nouveau prêt lui permettra d’acheter deux bidons de vingt litres d’huile de palm à 20 000 F CFA l’un, trois sacs de riz à 13 000 F CFA le sac et divers épices.
Avec les bénéfices elle compte mieux soutenir son mari dans les charges de la famille : éducation et santé 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