Refuges De Dumas Group
Cantave lives in the town of Dumas in Haiti, where electricity is rarely available and the water supply extremely limited. He has been managing his business for seven years, and before starting this business he was in school.
Cantave would like to use this loan to purchase cattle. He hopes that this loan will help him grow his business. Other members of the Refuges group also need loans for their businesses, which include activities such as selling charcoal, rice and fish.
Cantave says that his main challenge is the lack of regular customers. He says that his principal aim is to expand his business and his dream is to buy a truck to transport the animals.
Cantave voudrait utiliser cet emprunt pour investir dans l’achat des boeufs. Il espère que cet emprunt l’aidera à agrandir son business. Des autres membres de les refuge ont besoin d’un emprunt pour tels commerces comme vendre du charbon, du riz et du poisson. Cantave dit que son défi principal est manque d’acheteur constant. Il dit que ses buts principals sont l’augmantation du bussiness. Son rêve est l’achat d’une camion pour transporter les animaux.
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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