For five years, Jerome has done business in a shop (beans, rice, sugar, etc.).
This is his sixth loan via Turame. With the loan from Kiva, he will grow his capital by expanding the inventory of the shop (notebooks, Fanta, boxes of soap, sacs of rice and beans, etc.)
The profits drawn from the business will help to pay the school fees of his children.
Il fait le commerce de boutique (haricot, riz, sucre,..) depuis 5ans.
Il est à son sixième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital en multipliant les articles de la boutique (cahiers, fanta, carton de savon, des sacs du riz, de haricot,…)
Les bénéfices tirés du commerce l’aideront à payer les frais scolaires des enfants.
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