Esperance has had a store (rice, beans, soap, salt, …) for fifteen years.
She is on her fifth loan with Turame. With the KIVA loan she is obtaining, she will increase her capital and buy new products for her store in order to earn more upon reselling them.
The profits from her business enabled her to buy a plot of land and build a house. Also, the profits ensure that the family's food intake and the children's schooling costs are covered.
Elle fait le commerce de boutique (riz, haricot, savon, sel,…) depuis 15 ans.
Elle est à son cinquième crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter de nouveaux produits de sa boutique, pour gagner plus lors de la revente.
Les bénéfices du commerce lui ont permis d’acheter une parcelle et de construire une maison. Ils assurent aussi la ration alimentaire de la famille et les frais scolaires des enfants.
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