Pontien has been selling bananas for three years. He is on his sixth loan with Turame. With this Kiva-financed loan, he is going to increase his capital to buy a large quantity of bananas to resell in order to earn more.
Earnings from this business will allow him to meet the needs of his family (to feed them, to take care of them,…).
Il fait le commerce de banane depuis 3 ans.
Elle est à son sixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de bananes à revendre afin de gagner plus.
Le gain de son commerce permet de satisfaire les besoins familiaux (se nourrir, se faire soigner,…).
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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