Sophie has been selling cassava and banana beer for the past 19 years.
This is her 18th loan with Turame. With her Kiva loan, she will increase her capital and buy a large quantity of cassava for resale, in order to make more money.
Earnings from her business will help her to pay the tuition fees for her child, to cover healthcare costs, and to take care of other expenses.
Elle fait le commerce de manioc et de la bière de banane depuis 19 ans.
Elle est à son dix-huitième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de manioc à revendre, pour gagner plus.
Les gains de son commerce, lui permettent de payer les frais de scolarité de son enfant , les soins de santé et supporter d’autres charges.
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