Mbene (standing on the right of the photo) is 62 years old. She is a widow and the mother of five children, of whom three are boys.
With the loan she intends to buy 10 bags of coffee at 20,000 francs a bag. She then retails the coffee and can make up to 22,500 francs a bag.
The profits will serve the objective of helping her children meet their needs.
Mbéne debout à droite de la photo est âgée e de 62 ans. Elle est veuves et mère de 5 enfants, dont 3 garçons.
Avec le prêt elle compte acheter 10 sacs de café à 20000f le sac. Elle revend le café en détail et le sac peut lui revenir à 22500f.
Les objectifs visés par ses bénéfices est de venir en aide à ses enfants, de subvenir à leurs besoins.
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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