Palmarin (http://www.sem-fund.org/palmarinfr.php) is a village rich in fruits and vegetables. Nevertheless, lack of structures specialized in transformation incite people to import fruit and vegetables juices at very high cost. This why this group of women, confronted with difficulties in conserving and disposing of fresh products (cabbages, tomatoes, carrots) are seeking a Kiva loan to create a local fruit and vegetable transformation unit. They will sell the transformed products to touristic businesses and meet a large customer demand.
Palmarin (http://www.sem-fund.org/palmarinfr.php) est un village riche en fruits et légumes mais l'absence de structures spécialisées dans la transformation pousse à importer des jus de fruits et légumes dans la communauté à des prix exorbitants. C’est pourquoi, les femmes confrontées aux difficultés d’écoulement et de conservation de produits frais (choux, tomates, carotte) viennent auprès de kiva solliciter un prêt pour créer une unité de transformation locale des fruits et légumes. Le produit fini (jus de fruits et concentré de légumes), elles pourront approvisionner les établissements touristiques et satisfaire la demande des populations en grande quantité
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.