Echo Mysterieux De Miniere 1, 2, 3 & 5 Group
Philamar has been running his furniture-making business for the last five years. Before starting (in the making of furniture), he was just a farmer. He would like to use this loan for investing in hardware products.
Philamar hopes this loan will help him to expand his business. Some other group members have need of a loan for commerce, such as in charcoal or grocery items.
Philamar says that his main goal is to expand his business and to own a means to transport his goods.
Philamar a dirigé son business de menuisier pendant les 5 dernières années. Avant de commencer (menuiserie), il etait a cultivateur seulement. Philamar voudrait utiliser cet emprunt pour investir avec duit du quincaillerie
Philamar espère que cet emprunt l’aidera à agrandir son business. Des autres membres du groupe ont besoin d’un emprunt pour tels commerces comme charbon et produits alimentaires.
Philamar dit que son but principal est agrandir son business et être possede un moyen pour transporter les materiels.
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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