Maty, standing on the right of the photo with her hand raised, is 51 years old. She is married and the mother of six children, of whom three are boys. Her main activity is commerce. She buys 30 kilos of peanuts for 105,000 XOF, which she will use to make oil. With these 30 kilos, she can make six twenty-liter drums of oil that she will sell for 16,000 XOF each. She will also sell the oil cake that remains after extracting the oil for 150 XOF for each pellet. She expects the oil cake to make 100 pellets, which makes a total of 15,000 XOF. But it all depends on the quality of the peanuts available at the market.
The profits will allow her to increase her savings, but also to provide for the needs of her children as they arise.
Maty, debout à droite de la photo et levant la main est âgée de 51 ans. Elle est mariée et mère de 06 enfants dont 03 garçons. Sa principale activité est le commerce. Elle achète 30 Kg d'arachide pour un montant global de 105 000 F qu'elle va transformer en huile. Avec ces 30 Kg, elle peut avoir 06 bidons de 20 L d'huile qu'elle va revendre à 16 000 F le bidon. Elle vend aussi le tourteaux qui en découle à 150 F la boulette dont 100 boulettes ce qui fait un total de 15 000 F. Mais tout dépend de la qualité de l'arachide sur le marché.
Les bénéfices vont lui permettre de renforcer son épargne, mais aussi de satisfaire les besoins de ses enfants quand le besoin se fait sentir.
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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