Having benefited from a previous Kiva loan (ref 56086) allowing us to buy cattle and sheep that we raised and fattened, we were able to re-sell them at the weekly market fairs located around the village of Mboul. This time, sales were good, which allowed us to repay the loan before the due date. However, we would like to be financed once more to be able to continue our animal-rearing activity, seeing that it is our main business.
Après avoir bénéficié d'un prêt kiva réf 56086 qui nous a permis d'acheter des bovins et ovins que nous avons élevé en les engraissant, nous avons pu les revendre dans les marchés hebdomadaires situés aux alentours du village de Mboul. Cette fois-ci, La vente a été bonne. Ce qui nous a permis de payer même avant la date d’échéance du remboursement. Cependant, nous souhaiterions être financés une fois encore pour pouvoir continuer nos activités d’embouche comme c’est notre principal affairement.
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.