Twunguke Ii Group
The Kiva loan of 300,000 Fbu is going to enable Chantal to increase her capital to buy a lot of palm oil and cassava flour to resell in order to make a large profit.
Chantal is a member of the community group “TWUNGUKE II”.
Le crédit Kiva de 300000 Fbu va lui permettre d’augmenter le capital afin d’acheter beaucoup d’huile de palme et de farine de manioc à revendre pour réaliser de grands bénéfices.
Elle est membre du groupe communautaire “TWUNGUKE 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