Christine is now on her tenth community loan cycle with the micro-finance institution Turname. She is asking for a Kiva loan to increase her capital by buying large amounts of various goods (soaps, children’s shoes, salt, rice, beans, vegetable oil) to resell in order to make a large profit.
Christine is a member of the community group “RIMA”.
Elle demande le crédit Kiva pour accroitre son capital en achetant de grandes quantités d’articles divers de boutique (savons, souliers pour enfants, sel, riz, haricot, huile végétale) a revendre pour réaliser de grands bénéfices.
Elle est membre du groupe Communautaire« RIMA».
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