Khady Niang's Group
Khady, standing on the right, is 39 years old. She is married and the adoptive mother of a girl. She fattens up animals and is also involved in retail.
She will use 250,000 francs from her loan to buy some sorrel. She will buy sorrel at a cost of 2,000 francs per tub and resell for 5,000 francs. She is waiting for the Ramadan period to resell, since it is a favorable time of year for resale.
She is also planning to use 100,000 francs to buy some young chickens and some feed. She will use the remaining 100,000 francs to buy other various products for resale.
Khady, debout à droite de la photo est âgée de 39 ans. Elle est mariée et mère adoptive d'une fille. Elle fait comme activité l'embouche et le commerce. Le prêt reçu lui permet de prendre les 250 000f pour acheter de l'oseille à raison 2000f le baignoire, pour revendre à 5000f. Elle attend la période du ramadan pour revendre car c'est un moment propice à la vente. Avec les 100 000f elle va acheter des poussins et leurs aliments. Les 100 000f qui restent serviront à acheter divers autres produits pour les revendre.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
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