Lamentation De Philibert Group
Modeline has been running a restaurant business for the last seven years. She would like to use this loan to invest in this restaurant by buying food.
The other group members need a loan for their businesses which sell food products, cosmetics, clothes, shoes, and coal.
Modeline says that her main challenge is increasing sales, since the economic crisis in Haiti has not recovered much.
Modeline voudrait utiliser cet emprunt pour investir dans le Restaurant, elle a acheter des alimentaires pour votre restaurant. Des autres membres du groupe ont besoin d’un emprunt pour tels commerces comme vendre des produits alimentaires, cosmétiques, vêtements, chaussureset du charbon. Modeline dit que son défi principal est en mesure de vendre plus depuis la crise économique en Haïti ne reçoit pas beaucoup d'argent.
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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