Umuco Ii Group
He is seeking a loan from Kiva in order to increase his capital in purchasing large quantities of beverages for resale, which will allow him to grow his savings. He hopes that, with the savings made possible through this loan, he will be able to provide for the basic needs of his family and pay school fees for his children.
He is a member of the community group “Umuco II”.
Il demande le crédit Kiva pour accroitre son capital en achetant de grandes quantités de boisson à revendre aux clients et ainsi pouvoir accroitre ses économies. Il espère qu’avec les économies réalisées avec ce credit, il pourra assurer les besoins élémentaires familiaux et payer la scolarité de ses enfants.
Il est un des membres du groupe communautaire« Umuco II»
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