Madam Asmao, 35 years old (sitting on the extreme right with her left hand raised), is the featured borrower of the group. She is married and mother to six children of whom one is a boy and five are girls. Her business is based on the sale of doughnuts made from mil [African cereal] flour in the weekly markets and in the village.
With her new loan, she plans on buying two bags of mil to transform it into mil flour, 10 kilograms of sugar, and other ingredients.
The profits allow her partly to help her husband to take care of the needs of the family and partly to grow her turnover.
Madame Asmao, âgée de 35 ans (assise à l’extrême droite avec la main gauche levée), est l’emprunteuse vedette du groupe. Elle est mariée et mère de six enfants dont un garçon et cinq filles. Elle son activité est centrée dans la vente de beignet à base de farine de mil dans les marchés hebdomadaires et au village.
Avec son nouveau prêt, elle compte acheter deux sacs de mil pour transformation en farine de mil une dizaines de kilos de sucre et autres ingrédients.
Les bénéfices me permettent d’une part d’aider mon mari à prendre en charge les besoins de la famille et d’autre part à accroître mon chiffre d’affaire.
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