She has been a shopkeeper (selling beans, rice, salt, etc) for 19 years. This is her first loan with Turame. With the KIVA credit she is seeking, she will increase her working capital and will buy shoes to sell, as a new product, in order to earn more income.
Thanks to the profits of her business, she meets the needs of her family.
Elle fait le commerce de boutique (haricot, riz, sel,…) depuis 19 ans.
C’est son premier crédit à Turame. Avec le crédit KIVA qu’elle obtient, elle va augmenter son capital et acheter des souliers comme un nouveau produit, à revendre, pour gagner plus.
Grâce au gain de son commerce, elle satisfait les besoins de sa famille.
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