The Kiva loan of 250,000 Burundi francs that he will receive will allow him to grow his working capital so as to buy big quantities of various items (beans, shoes, rice, soap, oil, etc.) for his stall so as to make a lot of profit.
He is a member of the group called "NDERAGAKURA".
Le crédit Kiva de 250,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter de grandes quantités d’articles divers (haricots, souliers, riz, savons, huile, souliers…) pour son kiosque à revendre afin de réaliser de grands bénéfices.
Il est membre du groupe communautaire« NDERAGAKURA»
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