Iratwibutse I Group
She will use her share of 150,000 Burundi francs in the group loan to increase her working capital in order to buy more food products for sale and make a large profit.
Espérance is a member of the community group of Iratwibutse I.
Son crédit de 150,000frans burundais va contribuer a augmenter son capital et agrandir le volume des achats de produits alimentaires pour revendre afin de réaliser de grands bénéfices.
Elle est membre du groupe Communautaire« IRATWIBUTSE I».
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