Sope Khadim Group
The objective of this loan is to bolster their business of processing local grain. This is work they've already mastered, and it is centered on purchasing local grain (millet, corn, sorghum) and then proceeding to process it. The sale of the resulting products "thiacri" and "araw" (the Senegalese names) will allow the loan to be repaid without much difficulty. The turnover of these products pose no problem because the quantity to be sold is less than the level of demand. This loan will allow them to improve the quality and quantity of the goods to be sold.
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