Saba Tening's Group
Ms. Aminata (seated at the far right in the photo with her right hand raised) is the featured borrower of the group. She is a married mother of six children, including one daughter. She sells palm oil and traditional soap that she resells by the 1-liter bottle for the palm oil and by the piece for the soap, respectively at 1,000 francs and 100 francs CFA.
With this loan, she is going to purchase two containers of palm oil at 16,000 francs each, so as to sell the oil retail.
With the profits, she is think of helping her husband to manage family expenses better.
Madame Aminata (assise à l’extrême droite avec la main droite levée) est l’emprunteuse vedette du groupe. Elle est mariée et mère de 06 enfants dont 01 fille. Elle est vendeuse d’huile de palme et de savon traditionnel qu’elle revend par bouteille d’un litre pour l’huile de palme et par morceau pour le savon respectivement 1 000 et 100 F CFA.
Avec ce prêt, elle va acheter deux bidons d’huile de palme à 16 000 F CFA l’un pour la revente au détail.
Avec les bénéfices, elle pense mieux accompagner son mari dans la gestion quotidienne des charges de la famille.
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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