We are the members of "Fata Ngouss Group" from the ecovillage of Palmarin and come to Kiva to apply for a loan to breed sheep. We want to use the loan to buy sheep at a low price, since we are now in the low season, and fatten them. We intend to sell them mainly for the festivities of Eid al-Kabir, but also when pilgrims return from Mecca.
Nous groupement "Fata Ngouss" membres de l'écovillage de Palmarin(http://www.sem-fund.org/palmarin.php), venons solliciter auprès de kiva un prêt pour faire des activités d'embouche ovine . Avec le prêt,comme c'est la basse saison, nous souhaitons acheter des moutons à bas prix, les engraisser et les revendre surtout à l'occasion des fêtes de l'Aîd El Kabir, mais aussi à l'arrivée des pélerins venant de la Mecque.
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.