La Phalange De Samarie Group
Sanon has been running his business selling cosmetics for the past seven years. He wants to use this loan to invest in buying cosmetics for men and women. He hopes that this loan will help him expand his business.
Sanon said his main challenge is to become a great trader and he says his main goal is to obtain more money to expand his business with the help of God.
Sanon voudrait utiliser cet emprunt pour investir d'acheter des cosmetiques pour les hommes et les femmes. Il espère que cet emprunt l’aidera à agrandir son commerce. Sanon dit que ses défis principale est de devenir un plus un grand commercant et Il dit que son but principale c'est d'avoir plus d'argent pour obtenir un plus grand commerce avec l'aide de Dieu.
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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Success!! The loan was 100% repaid