Echo Mysterieux De Miniere Group
Philamar would like to use is loan to invest in hardware for carpentry. He hopes that this loan will aid in growing his business. The other members of his group need a loans for items such as coal and food products. Philamar says that his main goal is to grow his business and to have a way to transport his materials.
Philamar voudrait utiliser cet emprunt pour investir avec duit du quincaillerie. Il espère que cet emprunt l’aidera à agrandir son business. Des autres membres du groupe ont besoin d’un emprunt pour tels commerces comme charbon et produits alimentaires. Philamar dit que son but principal est agrandir son business et être possede un moyen pour transporter les materiels.
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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