Séraphine has been selling beignets for the past six years and is on her sixteenth loan cycle with Turame. With the loan she receives from KIVA, Séraphine plans to increase her capital by purchasing a large number of donuts that she will resell to earn more income. The income she earns will enable Séraphine to provide for the basic needs of her family (food, housing, and health care).
Elle fait le commerce de beignets depuis 6 ans.
Elle est à son seizième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de beignets à revendre pour gagner plus.
Grâce aux bénéfices, elle assure les besoins fondamentaux de la famille (alimentation, logement, et les soins de santé).
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