Maimouna, the group’s representative, is standing on the right in the photo and raising her hand. She is 49 years old, married, and the mother of six children, three of whom are girls. Her main activity is sheep breeding. In addition, she is also developing a small retail business (she sells groundnut).
She plans to use her loan to buy three sheep and seven sacks of groundnut. Profits from her business will allow her to cover some of the family’s needs as well as healthcare and education costs.
More information about this loan
This loan is going to a borrower or borrower group living in a rural area.
About CAURIE Micro Finance
The 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.