Senga K A Group
He sells fish and is on his twelfth loan from Turame. With the Kiva loan he is going to increase his capital by buying a large quantity of fish which he will resell in order to earn more money.
The profits from his business will help him to pay his children's school fees, so that they can pursue and finish their studies. They will also help the family to evolve.
Il fait le commerce de poissons.
Il est à son douzième crédit à Turame. Avec le crédit Kiva qu’il obtient, il va augmenter son capital, en achetant une grande quantité de poissons à revendre, afin de gagner plus.
Les bénéfices de son commerce vont l’aider à payer les frais scolaires de ses enfants, ainsi ils vont continuer et terminer les études. Ils permettront aussi le développement de sa famille.
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