He has been selling used boom boxes for 7 years.
This is his 9th loan with Turame. With the loan he is getting from Kiva, he will buy lots of used boom boxes so he can earn more and increase his capital.
With the profits, he will be able to buy essential supplies for his family (food, clothes, etc.).
Il est vendeur de postes de radio d’occasion depuis 7ans.
il est à son neuvième crédit avec Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter beaucoup de postes de radio d’occasions afin de gagner plus.
Grâce au gain de son commerce, il va acheter facilement les biens de première nécessité de sa famille comme la nourriture, les habits,…
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