Duterimbere I Group
Françoise has been selling cassava flour for six years. This is her 17th loan with Turame. With her Kiva loan, she will increase her capital and buy a large quantity of cassava in order to prepare flour for resale. This will allow her to earn more. The profits from her business will go towards feeding her family and paying for clothes and school fees.
Elle est commerçante de farine de manioc depuis 6ans.
Elle est à son dix-septième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de manioc sec afin de préparer une grande quantité de farine à revendre, pour gagner plus.
Le gain du business, lui permet de nourrir sa famille, acheter les habits et payer les frais de scolarité.
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