She has been running a grocery shop (beans, cornflour, soap, ...) for the past 11 years.
This is her third credit loan with Turame. Once the KIVA credit is granted, she will increase her working capital and buy a large quantity of beans, soap, cornflour, to sell retail and earn more.
Elle fait le commerce de boutique (haricot, farine de maïs, savons,...) depuis 11 ans.
Elle est à son troisième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de haricot, savons, farine de maїs,… à revendre pour gagner plus.
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