Twunguke Ii Group
Chantal has been producing and selling flour for 12 years.
This is her tenth loan with Turame. With the loan that she is receiving from Kiva, she will increase her capital and buy a large quantity of flour for resale, in order to make more money.
Thanks to the profits from her business, and to the income she makes from farming (flour producing), Chantal is able to provide for her family.
Elle fait l’agriculture et le commerce de farine depuis 12 ans
Elle est à son dixième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de farine à revendre pour gagner plus.
Les gains de son commerce, en plus du revenu de l’agriculture font vivre la famille.
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