Joselyne has been selling beignets for 5 years.
She is on her fourth loan with Turame. With this Kiva-financed loan, she is going to increase the amount of beignets [she] resells to earn more.
Thanks to the earnings from this business, Joselyne feeds, clothes, and takes care of her children. She also bought a plot of land for them.
Elle fait le commerce de beignets depuis 5ans.
Elle est à son quatrième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter la quantité de beignets à revendre, pour gagner plus.
Grâce aux bénéfices de son commerce, elle nourrit ses enfants, les habille et les fait soigner. Elle a aussi acheté une parcelle pour eux.
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