Consolate is asking for a Kiva loan to increase her capital and to buy a lot of grocery items (beans, peas, wheat) to resell in order to make a large profit.
Consolate is a member of the community group “TUPENDANE”.
Elle demande le crédit Kiva pour augmenter son capital en achetant beaucoup de produits alimentaires (haricot,petit pois,ble) à revendre pour réaliser de grands bénéfices.
Il est membre du groupe communautaire« TUPENDANE».
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