Coumba, the group representative, is 56 years old. She is married and the mother of 5 children. She is a small retailer of shoes, bags, scarves and various other items. She is standing on the right of the picture and has her hand raised. This loan will help her to diversify her business. She uses her profits to cover her family's food and education expenses.
Madame Coumba la représentante est âgée de 56 ans. Elle est mariée, mère de cinq enfants. Elle mène une activité de petit commerce de chaussures, sacs, écharpes et d'autres articles divers. Elle est debout à droite et a levé la main.
Son crédit lui servira à diversifier son activité.
Avec ses bénéfices, elle subvient aux besoins de sa famille pour l'alimentation et la scolarité.
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