Asani has been in the retail business for 10 years selling rice, beans, salt, etc. from her store.
This is her seventh loan cycle with Turame. She will use this credit to bolster her working capital and stock up on merchandise for her store. This will help to increase her revenue.
Elle fait le commerce de boutique (riz, haricot, sel, …) depuis 10ans.
Elle est à son septième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter beaucoup d'articles à revendre dans sa boutique, pour gagner plus.
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