A loan of $1,825 helped a member to buy beans. potatoes, maize flour, etc. for retail commerce.

Abadacogora Group's story

K. Edouard is 32 years old and recently married, so he does not have any children yet. Edouard is the president of the Abadacogora group, which works together to expand their diversified businesses. He works six days a week. Edouard himself sells food products such as potatoes, bananas, and beans.

Edouard and his group are working to increase the financial capacity of their group, and to develop their business. In fact, the group has obtained a loan through Amasezerano Community Banking to buy items to resupply their businesses. The profits gained after the sale of these products will be reinvested to maintain the group's financial stability and savings in order to prepare for a successful future. One of the members is sick, which is why only five appear in the photo.

Regarding the group:
A group loan means that each member takes a certain amount and uses it for his/her own business. The advantage is that the group guarantees the individual loans of its members, and if one member is unable to repay the loan, all the other group members will make up the difference instead.

In this group: Edouard, Marceline, Eric , Alphonsine, Alfred, Joselyne*
*not pictured

Translated from French by Kiva volunteer

Loan details

Lenders and lending teams

Loan details