He is seeking a loan of 290,000 Burundi francs to increase his working capital. He will buy large quantities of tea and bread to sell in order to make substantial profits and increase his savings.
Le crédit Kiva de 290,000 francs burundais qu’il obtient lui permet d’augmenter son capital pour acheter de grandes quantités de the et de pains à revendre afin de réaliser de grands bénéfices et accroitre ses économies.
Il est membre du groupe communautaire« MukenyeziTerimbere"
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