Scholastic has been selling goats for 14 years. This is her 14th loan with Turame. With the loan that she is receiving from KIVA, she will increase her capital and buy a few additional goats which will all be resold. Her goal is to make more money.
With the earnings from her business, Scholastique has managed to buy a cow.
Elle fait le commerce de chèvre depuis 14 ans.
Elle est à son quatorzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter quelques chèvres de plus; toutes les chèvres seront revendues afin de gagner plus.
Avec le gain de son commerce, elle est parvenue à acheter une vache.
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