Vyizigiro Ii Group
She is getting a Kiva loan of 500,000 Burundi francs which will allow her to grow her working capital so as to buy big quantities of cooking salt for resale so that she can make more profit. She hopes that her business will expand and permit her to buy a plot of land to build her very own house on.
Vianne is a member of the solidarity group « VYIZIGIRO II»
Elle obtient le crédit Kiva de 500,000francs burundais qui lui permet d’augmenter son capital pour acheter de grandes quantités de sel de cuisine à revendre afin de réaliser de grands bénéfices.
Elle espère que son business va se développer et lui permettre d’acheter une parcelle pour construire sa propre maison.
Elle est membre du groupe solidaire « VYIZIGIRO II»
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