He is requesting the Kiva loan to increase his capital by buying large quantities of goods for his shop, notably beans, soaps and various other items, in order to resell them to his customers and be able to increase his savings. With the savings he makes with this loan, he hopes that he will be able to buy a piece of land to build his own house on and also provide for his family's basic needs.
He is a member of the "Baraka" community group (Baraka means blessing or benediction).
Il demande le crédit Kiva pour accroitre son capital en achetant de grandes quantités de boutique notamment des haricots, savons et divers autres articles à revendre aux clients et ainsi pouvoir accroitre ses économies. Il espère qu’avec les économies réalisées avec ce credit, il pourra acheter une parcelle pour construire sa propre maison et assurer les besoins élémentaires familiaux.
Il est membre du groupe communautaire« Baraka» qui signifie benedictions.
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