The women of the Corépa 2 Group in Palmarin ecovillage (http://www.sem-fund.org/palmarinfr.php) would like to thank Kiva for having faith in them. They are, however, calling on Kiva again to request a new loan of 700,000 F ($1,500) to allow them to keep their dyeing businesses going. With this loan, they will buy dyeing materials and lots of fabric to increase their stock. They will use this fabric to make clothes that will be sold in tourist outlets in the ecovillage and also sent off to Dakar, the capital of Senegal, for a fast sale.
Nous les femmes du Gie Corépa 2 de l'écovillage Palmarin (http://www.sem-fund.org/palmarinfr.php) remercient Kiva de leur avoir fait confiance. Cependant, elles reviennent auprès de Kiva solliciter un renouvellement de prêt d'un montant de 700 000 F qui leur permettra de continuer leurs activités de teinture. Avec le prêt, elles vont acheter beaucoup de tissus pour agrandir leur stock, du matériel pour la teinture. Avec ces tissus, elles vont coudre des habits qui seront mis en vente dans les établissements touristes de l'écovillage et ensuite exportés vers la capitale "Dakar" pour une plus rapide liquidation du produit.
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.