Séraphine has been selling beignets (a type of donut) for 8 years.
She is on her fifteenth loan with Turame. With the loan she is requesting, she will increase the quantity of beignets to sell in order to earn more.
Thanks to the income from her business, she feeds her children, clothes them, takes care of them and pays the school fees of the older one.
Elle fait le commerce de beignets depuis 8 ans.
Elle est à son quinzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter la quantité de beignets à vendre, pour gagner plus.
Grâce aux bénéfices de son commerce, elle nourrit ses enfants, les habille,les fait soigner et paie les frais scolaires de son enfant.
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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