Aby is the group's representative. She is 53 years old, married, and the mother of four children (two boys and two girls) whose ages range between 35 and 20 years old.
She sells fabrics and beauty products. She travels to a neighboring country to buy her goods and then resells along a road, in front of her sister's shop. Her business is doing very well because the location where she sells her products is a very busy one.
With her loan, she plans to spend 300,000 francs to buy fabrics and 200,000 francs to buy beauty products (perfumes, shower gels and body lotions).
With her profits, she supports her children, helps her husband cover the household's expenses, and saves some money within the Banc Villageois.
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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