Rosalie has been doing commerce in rice for two years.
She is on her sixth Turame loan. With the KIVA loan she is obtaining, she is going to increase her capital and purchase a large amount of rice to resell, so as to earn more.
Thanks to the gains from her business, she is managing to meet the needs of her family (food, housing, clothing).
Elle fait le commerce de riz depuis 2 ans.
Elle est à son sixième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter une grande quantité de riz à revendre pour gagner plus.
Grâce aux gains de son commerce, elle parvient à satisfaire les besoins de sa famille (alimentation, logement, habillement).
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