Alice has been selling maize and cassava flour for five years.
This is her fourteenth loan with Turame. With this loan, financed by KIVA, she will increase her capital and buy a large quantity of maize and cassava flour for resale, in order to make more money.
With the earnings from her business, Alice is able to meet her family's needs: she manages to feed and clothe her children and pay their school fees.
Elle fait le commerce de farine de maïs et de manioc depuis 5 ans.
Elle est à son quatorzième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de farine de maïs et de manioc à revendre pour gagner plus.
Le gain de son commerce, lui permet de satisfaire les besoins de sa famille : se nourrir, se vêtir, payer les frais scolaires des enfants.
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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