Yacine, seated at the far left in the photo and raising her hand, is the featured borrower. She is married and the mother of eight children, including three girls. She runs a small restaurant in which she serves breakfast in the morning. She also resells palm oil which she buys from producers and resells in 1-liter bottles, on a retail basis.
She plans to use her new loan to buy one box of spaghetti, one bag of onions, one 5-liter can of refined oil and some seasonings to prepare her dishes.
With her profits, she will contribute to the educational needs of her school-aged children and take care of their basic needs.
Madame Yacine (assise l’extrême gauche avec la main gauche levée), est l’emprunteuse vedette. Elle est mariée et mère de 08 enfants dont 03 filles. Elle tient une gargote où elle sert le petit déjeuner le matin. De même elle est revendeuse d’huile de palm qu’elle achète auprès des producteurs pour la revente par bouteille d’un litre.
Avec son nouveau prêt elle compte acheter un carton de spaghetti, un sac d’ognon, un bidon de 05 litres d’huile raffiné et des assaisonnements pour la préparation des mets.
Les bénéfices lui serviront d’apporter son soutien à ses enfants en âges de scolarisation, en plus de satisfaire leur besoins primaires
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