Julienne has been a merchant of bananas and potatoes for ten years.
She is on her eleventh loan with Turame. With the KIVA loan she is obtaining, she is going to increase her capital by buying a large amount of bananas and potatoes to resell in order to earn more. She is also going to buy a goat.
The profits from the business will enable her to feed her family, provide clothing for the children, and cover their schooling costs.
Elle est commerçante de bananes et de pomme de terre depuis 10 ans.
Elle est à son onzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de bananes et de la pomme de terre à revendre, pour gagner plus. Elle va aussi acheter une chèvre.
Les gains tirés du commerce, lui permettent de nourrir la famille, habiller les enfants et payer leurs frais scolaires.
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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