Echo Mysterieux De Miniere 1, 2, 3, & 5 Group
Philamar would like to use this loan to invest in hardware. He hopes that this loan will help him to expand his business. The other members of the group have need of a loan for such businesses as charcoal and grocery items. Philamar says that his main goal is to expand his business and to own a means of transporting his materials.
Philamar voudrait utiliser cet emprunt pour investir avec duit du quincaillerie. Il espère que cet emprunt l’aidera à agrandir son business. Des autres membres du groupe ont besoin d’un emprunt pour tels commerces comme charbon et produits alimentaires. Philamar dit que son but principal est agrandir son business et être possede un moyen pour transporter les materiels.
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