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Fok Nou Chanje De Grand Basin Group
In this Group: Ulysse, Immacula, Lidia, Melida, Annacilia, Wisky , Annatherese, Maime, Yvanne, Eveline, Edithe, Magesse, Siliette, Monique , Lousse, Benjamin, Wideline , Vania, Simphat, Lusemene
The “Fok Nou Chanje de Grand Basin” or “We must Change of Grand Basin” Group is a made of twenty male and female entrepreneurs. After hearing about the good things that are happening to other business owners in the area they are happy tom receive their loans. There is a wide variety of businesses in the group from gas for small lamps to oil for cooking, and food to motorcycle and bicycle repair. Ulysse C. is one of four representatives of the group. He is 35yrs old, married, and has one child.
The hardworking father runs a small motorcycle and bicycle repair shop, and also sells parts to other clients and shops in the area. He has two other mechanics that help him with the repairs depending on the work. In retrospect Ulysse says “he wished he joined earlier…because Esperanza wants to help the poor change their situation.” He hopes for a better tomorrow for himself and his family as he strives to grow his business. On behalf of Ulysse, Fok Nou Chanje, and Esperanza we thank you for your support.

Additional Information

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.

About Haiti

  • $1,600
    Average annual income
  • 0
    View loans »
    Haiti Loans Fundraising
  • $1,756,400
    Funds lent in using Kiva
  • 39.8
    Haiti Gourdes (HTG) = $1 USD

Success!! The loan was 100% repaid

A portion of Fok Nou Chanje De Grand Basin Group's $3,575 loan helped a member various bi cycle and motorcycle parts, tools.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010