He is on his third loan with Turame. With the loan granted by KIVA, he will increase his capital and purchase other plumbing spare parts to resell.
When he will have more capital, he will teach his wife how to retail on the market.
Il est plombier de formation depuis 6 ans.
Il est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter d’autres pièces de rechange de déplomberie,pour revendre.
Lorsqu’il aura un grand capital il apprendra à sa femme à faire le commerce au marché.
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