In the framework of the struggle against poverty, improvement of their quality of living, and development of a durable economy, the women of the Bokk Liguèye group of Mboul (http://www.sem-fund.org/mboul.php) have decided to take up a money-earning activity and are asking for a loan from Kiva. They want to sell staple goods (oil, milk, soap, sugar, detergents). They buy these products at a low price in order to re-sell them to the people of their district at weekly markets.
Dans le cadre de la lutte contre la pauvreté, de l’amélioration de la qualité de leur vie et du développement de leur économie durable, les femmes de groupement Bokk liguèye de Mboul (http://www.sem-fund.org/mboul.php) ont décidé de s'adonner à des activités génératrices de revenus en demandant un prêt à Kiva. Elles souhaitent faire le commerce de denrées (l’huile, le lait,le savon, le sucre, les détergents). Elles achètent ces produits à bas prix pour les revendre aux populations environnantes et dans les marchés hebdomadaires.
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.