She has been selling ndagala (small fish used frequently in Burundian cuisine) for the past two years and is on her fifth loan from Turame. With the loan she gets from KIVA she is going to increase her capital and buy a large quantity of ndagala to resell and thereby make more money.
Elle fait le commerce de poissons (ndagala) depuis 2 ans.
Elle est à son cinquième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de poissons ndagala à revendre, pour gagner plus.
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