Refuge De Dumas 1 & 2 Group
Cantave would like to use this loan to invest in buying cattle. He hopes that this loan will help him expand his business. Other members of the group need a loan for their business such as selling charcoal, rice and fish. Cantave says that his main challenge is the lack of steady customers. He says that his main goal is expanding his business. His dream is to buy a truck for animal transport.
Cantave voudrait utiliser cet emprunt pour investir dans l’achat des boeufs. Il espère que cet emprunt l’aidera à agrandir son business. Des autres membres de les refuge ont besoin d’un emprunt pour tels commerces comme vendre du charbon, du riz et du poisson. Cantave dit que son défi principal est manque d’acheteur constant. Il dit que ses buts principals sont l’augmantation du bussiness. Son rêve est l’achat d’une camion pour transporter les animaux.
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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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