After borrowing $500 in 2004 from Normicro, he rented a shop. He borrowed a second loan of $800 and built the grocery store. The loans were paid back on time. With his third loan of $900, he expanded the area of the shop and increased the food assortments.
Now, he needs $1,400 to expand his business, open a vegetable section, and buy digital scales. He will borrow $200 of this loan from Normicro and the other $1,200 from KIVA. He hopes eventually to expand his business. He will repay his loan on a monthly basis.
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Success!! The loan was 100% repaid