Excelsior De Perches 1, 2 & 3 Group
Antoine would like to use this loan to invest in deodorant, body lotion, perfume, etc. He hopes that the loan will help him expand his business. Antoine says that his principal challenge at present is to become a great trader.
Other members of the group need loans for businesses such as food, coal, clothing, shoes, etc.
Antoine voudrait utiliser cet emprunt pour investir dans l'achat déodorant, lotion pour le corps, parfum, etc. Il espère que cet emprunt l’aidera à agrandir son business. Antoine dit que les défis principal c'est devenus une grande commerçante.
Des autres membres militant ont besoin d’un emprunt pour tels commerces comme nourriture, de charbon, vêtements, chaussures, etc.
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