Fok Nou Chanje De Grand Basin Group
The hardworking father runs a small motorcycle and bicycle repair shop, and also sells parts to other clients and shops in the area. He has two other mechanics that help him with the repairs depending on the work. In retrospect Ulysse says “he wished he joined earlier…because Esperanza wants to help the poor change their situation.” He hopes for a better tomorrow for himself and his family as he strives to grow his business. On behalf of Ulysse, Fok Nou Chanje, and Esperanza we thank you for your support.
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