Mugeni has been doing commerce in rice for nine years.
She is on her eighth Turame loan. With the KIVA loan she is obtaining, she is going to increase her capital and purchase many kilograms of rice to resell, so as to earn more.
In the coming years, she would like to purchase a parcel of land to build a house and to see her children educated.
Elle fait le commerce du riz depuis 9 ans.
Elle est à son huitième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter beaucoup de kilos de riz, à revendre pour gagner plus.
Dans les prochaines années, elle voudrait acheter une parcelle puis construire une maison et voir ses enfants étudier.
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.
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