Emmanuel is on his 3rd group loan cycle with Turame. He is requesting a Kiva loan to increase his capital buy purchasing large quantities of goods to sell to his customers, and thereby increase his savings. The capital he had before was insufficient for this business. He hopes to overcome poverty and to guarantee his children’s education with this loan through Turame.
Emmanuel is a member of the Giramahoro I Community Group.
Il demande le crédit Kiva pour accroitre son capital en achetant de grandes quantités de produits de boutique à revendre aux clients et ainsi pouvoir accroitre ses économies. Il a préféré demander le crédit à Turame car le capital qu’il avait auparavant était très insuffisant pour faire ce business. Il a l’espoir de combattre la pauvreté et pouvoir assurer la scolarité de ses enfants avec le crédit de Turame.
Il est un des membres du groupe communautaire« Giramahoro I».
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