Ms. Antoinette (standing at the right with her hand raised) is the featured borrower. She is 49 years old and a married mother of six children, of whom two are girls, and four are boys. She is a woman with a lot of experience in the business of processing local products. She is also a vendor of pigs in her community and in a neighboring country. She purchases young pigs from villagers and fattens the pigs for about forty days. She then resells them at the right time or has them slaughtered for celebrations or religous events.
With her new loan, she is going to purchase over a dozen young pigs and some sacks of unshelled peanuts at 10,000 francs CFA and to pay the cost of shelling them for processing.
The profits from her business will enable her to grow her savings and to help in an active manner in managing household expenses.
Madame Antoinette (debout à droite avec une main levée), est l’emprunteuse vedette. Elle est âgée de 49 ans, est mariée et mère de 06 enfants dont 02 filles et 04 garçons. Elle est une femme très expérimentée dans l’activité dans la transformation de produits locaux, elle est aussi vendeuse de porcs dans sa commune et dans un pays frontalier. Elle achète de jeune porcs auprès des villageois les engraisse pendant une quarantaine de jours pour la revente à l’état ou faire des abattages à l’occasion des fêtes et autres cérémonies religieuses.
Avec son nouveau crédit elle va acheter en plus d’une dizaine de jeunes porcs, des sacs d’arachide non décortiqués à 10 000 F Cfa et payer 2 000 de frais de décorticage pour la transformation.
Les bénéfices tirés de son activité lui permettront d’accroître son épargne et de participer très activement à la gestion des charges du foyer.
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