Pascasie has been doing commerce in bananas and cassava flour for five years.
She is on her tenth loan with the microfinance institution Turame. With this KIVA loan she is obtaining, she will increase her capital and purchase a large amount of cassava flour and bananas to resell, so as to earn more.
With the profits from her commerce, she feeds and clothes her family.
Elle fait le commerce de bananes et de farine de manioc depuis 5 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 de manioc et de bananes, à revendre, pour gagner plus.
Avec le gain de son commerce, elle nourrit et habille sa 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