For twelve years, J. Marie has been selling various products (rice, beans, salt, etc.) in his shop. He's seeking his fifth loan from Kiva's partner, Turame.
He will use it to bolster his working capital and purchase various sorts of products to meet customer demand. This will enable him to increase his income.
Il fait le commerce de boutique (riz, haricot, sel,…) depuis 12 ans.
Il est à son cinquième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter des articles de plusieurs sortes pour satisfaire ses clients.Cela va lui permettre de gagner plus.
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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