Rose has been selling bananas and banana wine for the past ten years.
This is her 12th loan with Turame. With her loan from Kiva, she will boost her capital and buy large quantities of bananas, some of which will be resold as such, while others will be processed into banana wine for resale. This loan will ultimately help Rose to make more money.
Elle fait le commerce de banane et de vin de banane depuis 10 ans.
Elle est à son douzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter beaucoup de bananes certaines seront revendus comme telles et d’autres seront transformées en vin de banane à vendre, 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