Iratwibutse 2 Group
Angélique’s loan of 180,000 Burundi francs is going to help increase her capital and the volume of kitchen and household goods she can purchase to be sold, so as to make bigger profits. She is a member of the community group “IRATWIBUTSE II”.
Son crédit de 180,000frans burundais va contribuer a augmenter son capital et agrandir le volume des achats des ustensiles de cuisine et articles ménagers a revendre afin de réaliser de grands bénéfices.
Elle est membre du groupe Communautaire« IRATWIBUTSE 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