Maïmouna, who is standing on the far right with her hand raised, is the star borrower of the group. She is married, 39 years old and mother to two children: a boy and a girl who are 19 and 14 years old respectively. She sells rice, sugar, tea and other diverse food products in the village.
With her new loan she is planning to buy two cartons of tea and sugar which she will resell on a retail basis: packets of tea at 100FCFA and sachets of sugar for 25 FCFA and 100FCFA.
She is planning to use the profits to help her husband to pay for their two children's schooling.
Madame Maïmouna (debout à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe. Elle est mariée, est âgée de 39 ans et mère de deux enfants : un garçon et une fille respectivement âgés de 19 et 14 ans. Elle est vendeuse de riz, de sucre, de thé et autres divers produits alimentaires au village.
Avec son nouveau crédit, elle compte acheter deux cartons de thé et du sucre qu’elle revendra au détail par paquet de 100 F CFA pour le thé et sachet de 25 et 100 pour le sucre.
Les bénéfices, elle compte les utiliser pour appuyer son mari dans la scolarisation de ses deux 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