Assurance De Phaeton Group
Jaccint would like to use this loan to invest in the purchase of fish. Jaccint hopes that this loan will help him to expand his business. Other members of Assurance need a loan for businesses such as charcoal, used clothing and food stuffs.
Jaccint voudrait utiliser cet emprunt d'investir dans l'achat de poisson. Jaccint espère que cet emprunt l’aidera à agrandir son entreprise Des autres membres Assurance ont besoin d’un emprunt pour tels commerces comme charbon, vetements usees et produits alimentaires.
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