He has been selling rice, beans,...for the past eight years.
He is on his third loan with Turame. With the KIVA loan that he receives, he will increase his capital and buy a large quantity of rice, beans,...to resell in order to earn more.
The profit that he makes from his business allows him to improve his food intake. In the coming years, he would like to buy some farmland.
Il fait le commerce du riz, haricot,… depuis 8ans.
Il est à son troisième crédit à Turame. Avec le crédit KIVA qu’il obtient, il va augmenter son capital et acheter une grande quantité de riz, haricot,... à revendre pour gagner plus.
Les gains tirés du commerce, lui permet d’améliorer la ration alimentaire. Dans les prochaines années, il voudrait acheter des terres cultivables.
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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