Aissata (raising her hand in the photo) is the group's representative. She is 53 years old, married, and has a 28-year-old son. She is actively involved in selling vegetables and fresh fish.
With her new loan of 400,000 CFA francs, she will spend 75,000 per week to buy some baskets of vegetables and 25,000 CFA francs per week to buy baskets of fresh fish.
The profits from her activity allow her to take care of some of her family's daily expenses.
Madame Aissata, levant la main, est la représentante dudit groupe, elle âgée de 53 ans mariée et mère d'un garçon de 28 ans. Elle s'active dans le commerce de légumes et d poissons frais.
Avec son nouveau crédit de 400000 francs CFA elle va se payer des paniers de légumes d'une valeur de 75000 francs par semaine et et des panier de poissons d'une valeur de 25000 francs cfa par semaine.
Les bénéfices de son activité lui permettent de prendre en charge certaines dépenses quotidiennes de sa
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