Harmonie De Ouanaminthe Group
Sainvil hopes that this loan will help him grow his business. He will use this loan to buy clothes, cosmetics and other products for resale. Other members of his group need loans to support their businesses in food products, soft drinks, etc. Sainvil says his main challenge is to grow his business. He wants to have a stable business to support his family.
Sainvil espère que cet emprunt l’aidera à grandir son business. Il prendra ce prêt pour acheter des vêtements, de cosmétiques et d'autres produits. Des autres membres de son groupe ont besoin d’un emprunt pour faire le commerce tel que ventes produits alimentaires, boissons gazeuses, nourriture, etc.
Il dit que son défit principal est de devenir une plus grande commerçante dans sa vie. Il veut avoir une entreprise stable pour aider sa famille.
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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